NIC Asia Bank Launches Discount Scheme to Reduce Loan Burden on customers amidst the nation’s current economic challenges.
NIC Asia Bank has launched a discount program as of the end of Chaitra 2080 to help borrowers with their loan commitments during the current crisis in the economy. As part of this plan, Borrowers who repay their full debt by the end of Jestha 2081 will receive a good amount of discounts on fines, damages, and simple interest.
The discount scheme offers varying percentages based on the duration of loan arrears as given in the table below:
| Loan Arrears Duration | Discount on Simple Interest |
| 91 to 180 days | 15% |
| 181 to 365 days | 25% |
| Over 365 days | 35% |
This program is available to customers who are having financial difficulties with any type of loan, including current capital loans and revolving loans with monthly and quarterly installments.
NIC Asia Bank has introduced this attractive interest discount scheme to support its stakeholders and contribute to bolstering the national economy. The bank is hopeful that this program will reduce the financial burden on impacted clients and promote the country’s long-term economic growth and recovery.
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