Nepal Bank Limited (NBL) has implemented a special loan repayment scheme to assist customers with bad and undocumented loans. Effective immediately, t
Nepal Bank Limited (NBL) has implemented a special loan repayment scheme to assist customers with bad and undocumented loans. Effective immediately, the scheme provides significant interest discounts for eligible borrowers.
| Aspect | Details |
|---|---|
| Institution | Nepal Bank Limited (NBL) |
| Scheme Start Date | Effective immediately |
| Eligible Loans | Bad and undocumented loans up to 50 lakhs |
| Loan Classification Date | Before the end of fiscal year 2075 |
| Additional Discount | 5% on simple interest for full repayment |
| Discount Validity Period | Until the end of Ashadh 2081 |
| Contact for Details | Branch offices |
It offers relief for customers with loans classified as bad debts before the end of fiscal year 2075, with eligibility for loans up to 50 lakhs. Since Baishakh 2076, a 5% discount on simple interest is available for customers who repay their loans in full, including interest and penalties.
This scheme is valid until the end of Ashadh 2081. Customers interested in this offer should contact NBL branch offices for further details and eligibility criteria.
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