Rastriya Banijya Bank Limited Launches Kisan Saral Loan for Agricultural Development

Rastriya Banijya Bank Limited has launched the Kisan Saral loan product under the Rastriya Banijya Bank Limited program, offering loans of up to ten lakh rupees to support the agricultural sector.

Eligible Nepali citizens aged 18 to 65 involved in agricultural businesses or legally registered firms can apply for this loan, which includes a Kisan credit card worth one lakh rupees.

The loan is intended for periodic and working capital needs and can be provided for a maximum of 10 years, including a grace period.

The bank will finance up to 70% of the net business assets at a premium rate of 0.50% above the base rate, using the agricultural project as collateral, with the option to use house or land as additional collateral.

The loan will be insured and can be accessed through all 294 branch offices across the country, which also offer various banking services, including ATMs, mobile banking, and QR code services.