Mahalaxmi Bikas Bank’s new year targeted loan schemes at 10.99 percent

KATHMANDU: Mahalaxmi Bikas Bank has unveiled attractive interest rates under its new schemes aimed at the Nepali New Year 2081. These schemes include Mahalaxmi Home Loan, Mahalaxmi Business Loan, and Mahalaxmi Vehicle Loan (Personal).

Under these schemes, a competitive annual interest rate of only 10.99% for Mahalaxmi Home and Business loans, and 11.49% for Mahalaxmi Vehicle loans (Personal) will be provided.

Additionally, for the first year, a stable interest rate will be maintained, and women will receive up to a 25% discount on service charges.

Moreover, for Mahalaxmi Home Loans, customers can avail loans ranging from a minimum of 2 years to a maximum of 30 years, with loan amounts up to 5 crore for housing purchase, construction, apartment purchase, home extension, renovation, and repair.

For small and medium-sized entrepreneurs seeking loans with low-interest rates, Mahalaxmi Business Loan Scheme offers interest rates starting at 10.99% for a period ranging from 1 to 15 years.

Furthermore, Mahalaxmi Vehicle Loan (Personal) will be provided at an annual interest rate of 11.49%, with loan tenures ranging from a minimum of 2 years to a maximum of 5 years. Electric vehicle owners will enjoy an 80% discount on the bill or quotation price, while a 50% discount will be applicable for other vehicle loans.

Mahalaxmi Mahalaxmi Bikas Bank Bank, committed to “Strong Bank, Successful Cooperation,” has been continuously providing quality financial services for the past 28 years, operating with 103 branches nationwide and serving nearly 700,000 customers.

Additionally, in the annual general meeting held on 28/09/2080, the proposal to bring foreign banks or financial institutions as strategic partners was also approved.