Kumari Bank unveils its Attractive Margin Lending Loan Scheme; No initial collateral required

Kumari Bank Limited has unveiled the Kumari Margin Lending Scheme. The scheme provides loans at cheap interest rates for the purchase of shares traded in the Nepal Securities Exchange Market.

Under this scheme, no collateral is required before buying shares. This means that the shares that are brought from the loan amount will be considered collateral.

Via this scheme, investors wishing to purchase shares can contact the bank through a broker and get the loan approved. Kumari Bank believes the loan scheme is very attractive and beneficial, given that other lenders require collateral beforehand for margin loans.

The bank has stated that the loan facility has been brought keeping in view the general public who want to invest in the stock market but are deprived of investment due to lack of funds. Kumari Bank has brought this lending scheme considering the limited investment area due to the pandemic and the bustling stock market in the same situation.

Proper consultation, minimum processing fee, and quick loan disbursement within 72 hours are some of the attractive features of the Kumari Margin Lending Scheme.

Kumari Bank, which has been providing continuous services for the past 20 years, has committed to providing state-of-the-art and effective banking services in the coming days through its 181 branch network, 139 ATMs, and 22 branchless banking units.