सिंहदरबार संवाददाता
Kathmandu. Citizens Bank International Limited has introduced a home loan scheme at an attractive 7.99 percent interest rate for its customers. The bank has introduced a home loan scheme with an interest rate of 7.99 percent, which will remain stable for a period of 7 years.
In this home loan scheme, which can be availed of a maximum loan of Rs. 50 million, the maximum installment period will be 25 years. The bank has stated that the loan amount will be up to a maximum of 50 percent of the value of the collateral.
The bank has been providing various types of home loans for land purchase, house construction, apartment purchase, maintenance and expansion, and refinance. The bank has stated that to get the home loan, one must be a Nepali citizen with a regular source of income or self-employed.
Similarly, to get a 7.99 percent home loan, there must be motorable access to the house/land to be pledged. In the case of self-employed individuals, the business/business must have been in operation for at least 2 years and the applicant must be at least 18 years old and not more than 65 years old by the end of the loan period, the bank has informed.
According to the bank, collateral security of a third party other than the property of the applicant or his/her immediate family will not be accepted. According to the data released by Nepal Rastra Bank, Citizens Bank has invested Rs 10.35 billion 6.8 million in personal housing loans till mid-December of the current fiscal year. The bank has stated that real estate loans can be taken from branches across the country.
The bank recently received the ‘Bank of the Year 2024’ award. Citizens Bank was awarded the ‘Bank of the Year’ award for 2024 by The Banker, a magazine published by the Financial Times in London, UK.
The Banker presented the award to the bank’s Chairman Prabaljung Pandey and Chief Executive Officer (CEO) Ganeshraj Pokharel at a program organized in London.
The bank has so far opened 198 branches.
प्रतिक्रिया दिनुहोस्