Nepal Bank brings Home and SME loan in just 7.99% and 8.99% interest rate respectively; offers the cheapest credit facility among Nepalese banks

Nepal Bank has launched its new Home loan scheme with the lowest interest rate i.e. just 7.99% interest targeting those who are mulling to purchase or construct a new home and SME loan at 8.99% for small and medium businesses that are mulling to set up a new business or to expand their existing one. Customers can also receive a loan for purchasing land in just 9.99% interest p.a. 

Customers will receive these loans within 7 working days after filing their loan application at all the branches of the bank, as per the media statement.

The bank currently has 186 branches, 125 ATM booths, 29 extension counters, and 104 branchless banking units under its network.