By Karuna Thapa
Kathmandu, March 23
Refinancing from Rs 1.5 million to Rs 200 million has been arranged by Nepal Rastra Bank.
Customers may now acquire refinancing from Rs 1.5 million to Rs 200 million at a minimum
interest rate of two to seven percent, according to a change in the bank’s refinancing
procedure.
The refinancing process 2077 has been revised, and the NRB has issued a circular to all licensed banks and financial institutions instructing them to offer refinancing in accordance with the new arrangement.
Customers should be eligible for micro house and small, special, and general refinancing for
loan facilities under the new rule.
A customized refinancing is a refinancing offered by a bank that prioritizes a certain industry.
The bank’s interest rate for refinancing micro and small businesses has been set at four percent. Similarly, regulated banks and financial organizations are required to charge a 7% interest rate.
Furthermore, the interest rate levied by NRB on special refinancing has been set at 2%, while the interest rate payable by customers has been set at 5%.
Similarly, the NRB’s interest rate on regular refinancing has been set at 5%, while the interest rate paid by banks and finance businesses to clients has been set at 7%.
