Nepal Bank Announces Interest Waiver Scheme for Loan Repayment and Regularization

Kathmandu. Nepal Bank Limited has unveiled a scheme offering interest concessions targeting its borrowers for loan repayment or regularization.

The bank issued a press release on Sunday stating that this scheme aims to provide relief to customers with loans disbursed at various times and falling under different categories.
Under this scheme, customers whose loans were classified as non-performing or written off before the end of Chaitra, 2079 BS, can avail special benefits. Such borrowers with principal amounts up to NPR 10 million will receive an interest waiver facility if they repay the loan according to the bank's terms by the end of Ashadh, 2083 BS.

The bank has urged such customers who have been unable to repay their loans for a long time to utilize this golden opportunity and settle their debts.

Similarly, the bank has made separate arrangements for loan customers in both non-performing and performing categories after Baisakh 1, 2080 BS. The bank stated that interest concessions will also be provided if such borrowers repay their outstanding principal and interest or regularize their loans by the end of Chaitra, 2082 BS.

To participate in this concessionary scheme and avail the interest waiver benefit, the concerned borrowers must contact the nearest branch office of the bank. The press release issued by the bank's Chief Information Officer, Pratibha Dangol, requested the concerned loan customers to contact the branch in time and take advantage of this attractive scheme.