Nepal Bank Limited Initiates Special Loan Relief Program for Customers

Nepal Bank Limited (NBL), the country's pioneering financial institution, has introduced a special loan repayment scheme aimed at providing relief to its customers burdened by bad and undocumented loans. The scheme, effective immediately, offers significant interest discounts to eligible borrowers.

It has introduced measures to assist loan customers facing arrears, including a discount on interest for loans classified as bad debts before the end of the fiscal year 2075. Customers with loans up to 50 lakhs can avail of this opportunity.

Furthermore, since Baishakh 2076, a 5% discount on simple interest is offered for customers who fully repay their loans, including interest and penalties. This scheme is valid until the end of Ashadh 2081, and interested customers are encouraged to contact branch offices for details and eligibility criteria.