NIC Asia Bank Introduces Attractive Loan Repayment Discounts

NIC Asia Bank Limited, operating under the slogan "Bank pani sathi pani, ramro pani hamro pani," has introduced a loan relief scheme to help customers amid the country's economic stagnation.

By the end of Chaitra 2080, the bank offered a 100% waiver on fines and damages, along with discounts on simple arrears interest if the entire loan amount is paid by Ashadh 2081. The discount rates are as follows:

1. 15% for loans overdue by 91-180 days
2. 25% for loans overdue by 181-365 days
3. 35% for loans overdue by more than 365 days

This scheme applies to various loans, including working capital and revolving loans. The bank aims to alleviate the financial burden on customers, contributing to the national economy's recovery and long-term stability.