Shangrila Development Bank and Brihat Investment Enter into Commercial Agreement for Housing/Property Loans

Shangrila Development Bank Limited entered into a commercial agreement with Brihat Investment Pvt. Ltd. on November 19, 2024, to offer home/land loans of up to Rs 2 crore for a maximum period of 40 years.

The loan will have a fixed interest rate of 9.99%, which will remain constant for the first 7 years. The agreement aims to provide hassle-free and simple loan services for purchasing homes or land.

The contract was signed by Mr. Supriya Shrestha, Head of Kathmandu Cluster for the bank, and Mr. Purnima Rajbhandari, Executive Director of Brihat Investment Pvt. Ltd. The bank believes this agreement will benefit both general customers and dignitaries.

With a network of 112 branches and 30 ATMs, the bank continues to build strong public trust and maintain robust corporate governance and risk management systems.