NIC Asia Bank launches ‘Sathi Ghar Loan’ up to Rs 30M
The loan tenure extends up to 25 years.
KATHMANDU: NIC Asia Bank has unveiled the ‘NIC Asia Sathi Ghar Loan’ scheme, providing loans of up to Rs 30 million for purchasing, constructing, or reconstructing houses and apartments.
Launched under the slogan, “Your Dream, Our Support”, the scheme offers loans ranging from a minimum of Rs 5 million to a maximum of Rs 30 million, with attractive interest rates and a simplified approval process, the bank said.
The loan tenure extends up to 25 years.
For first-time homebuyers or constructors, the maximum loan-to-value ratio is set at 80%, while for other applicants, it is 70%, based on collateral.
Arjun Raj Khaniya, Deputy Chief Executive Officer and Chief Information Officer of NIC Asia Bank, expressed confidence that the loan scheme would play a significant role in helping individuals realize their dream of owning or building a home.
The bank expects the scheme to benefit residents of urban and semi-urban areas.
