The great festival of Nepali, Dashain and Tihar, is approaching. The tradition of buying new vehicles and new houses is not new, especially before Festival Time. With this in mind, Real Estate Fair has been taking place.
The situation has changed this time due to the Corona epidemic as even those who buy houses are waiting for the this time. However, businessmen are hoping that the business will
gradually recover after the government opens the business from September 17 (असोज १ ).
If you also want to buy a house but do not have the money, banks have brought cheap home loans.
Banks have announced new interest rates on loans and deposits.
Nepal Rastra Bank (NRB) has directed banks and financial institutions to make public the new interest rate one day before the start of each month.
Which bank gives car and home loan at what interest rate?
Rastriya Banijya Bank
The bank has set a minimum interest rate of 7.3 percent and a maximum of 8.8 percent on home loans.The bank has set interest rates at 7.3 percent to 7.80 percent for five years, 7.80 percent to 8.3 percent for 10 years and 8.3 percent to 8.8 percent for 15 years.
NCC Bank's rate as of mid-July is 9.03 percent. The bank has fixed the interest rate of the loan on the basis of this base rate.When taking a loan from a bank, you have to pay 11.03 to 14.03 percent interest.The interest rate will be 14.03 percent interest when taking a home loan.
The bank has set a minimum interest rate of 10.69 percent and a maximum interest rate of 13.69 percent. The bank has set the current base rate at 8.69 percent. The bank has stated that it will increase the base rate to a maximum of 5 percent and provide home .
The base rate of Mega Bank is 8.30 percent. Accordingly, the bank has fixed the interest rate of the loan.The bank will also provide loans at a fixed interest rate for a minimum of one year. Among them, home loan, auto loan, education loan and other loans have been announced at 13.3 percent interest rate.
Nepal Investment Bank
The bank's current base rate is 7.49 percent. Accordingly, the bank has fixed the interest rate of the loan.The bank has fixed 10.50 percent interest rate for 7-year home loan and 12.50 percent interest rate for 10-year home loan. Similarly, the bank has fixed the interest rates for 7-year and 10-year car loans at 11 percent and 13 percent, respectively.
The bank's base rate as of mid-July stood at 7.48 percent. Up to 12.48 percent interest has to be paid when taking a loan from a bank. Housing and vehicle loans from banks will have to pay 12.48 percent interest.
The base rate of the bank is 7.19 percent till mid-July 2077 BS. It will provide loans for home and car loans at an interest rate of up to five percent. The bank has brought a new offer on loan interest rate on the occasion of its 36th anniversary.
Accordingly, the borrower can avail this offer in the first quarter of the financial year. According to the bank, the offer will be valid for one year and the interest rate will not change for one year.