header banner
ECONOMY

NMB Bank launches a host of ‘first of its kind’ products

KATHMANDU, Dec 17: In line with the government initiative to provide a subsidized loan to promote entrepreneurship in the deprived sectors, NMB Bank has announced the launch of eight loan products in its Micro Finance portfolio under the umbrella of ‘NMB Interest Subsidy Loans’.
By Republica

KATHMANDU, Dec 17: In line with the government initiative to provide a subsidized loan to promote entrepreneurship in the deprived sectors, NMB Bank has announced the launch of eight loan products in its Micro Finance portfolio under the umbrella of ‘NMB Interest Subsidy Loans’.


Related story

NMB Bank organizes ‘6th NMB Bank Heritage Walk’


According to a press release by the bank on Monday, of the eight loan types offered, seven of the loans are ‘Collateral free’ and provides enterprising individuals the opportunity to pursue a future of sustainable growth whereas the eighth loan products, NMB Agrani Mahila Krishi Karja is a new and unique product. It offers loan unto Rs 1.5 million to women farmers for purchase of agriculture inputs, with 6% subsidy on interest and further tops off with zero processing charge to the sectors identified by the government, the statement says.


Simultaneously, NMB Bank is for the first time in the country launching a savings product with insurance coverage against 18 critical illnesses, accidental death and permanent total disability, according to the statement. NMB Sahara Bachat Khata offers a high interest on savings and comes with NMB Delight Card which allows FREE withdrawal from any ATM across the country and reduced withdrawal charge of Rs 150 for ATM transactions in India.

Related Stories
ECONOMY

Sunil KC new CEO of NMB Bank Ltd

ECONOMY

NMB Bank awarded 'Bank of the Year 2017'

ECONOMY

NMB launches special account to implement governme...

ECONOMY

NMB Bank receives IFC award

ECONOMY

NMB Bank launches new saving product