Rastriya Banijya Bank offers festival season home, vehicle loans

KATHMANDU: Rastriya Banijya Bank (RBBL) has launched special festival season loan offers, the bank’s information officer Pawan Regmi said in a press statement.  

Under the scheme, home loans of up to Rs 50 million are available at an interest rate of 6.30% over a 20-year term.  

RBBL will also provide loans of up to Rs 10 million at 6.10% over seven years for electric vehicle purchases, and loans of up to Rs 10 million at 6.80% over seven years for fuel-powered vehicle purchases.  

Regmi said the festival season offers aimed to make it easier for customers, as many people purchase vehicles and houses during this period.