NRB raises housing loan limit to facilitate house building

Published On: July 23, 2023 02:35 PM NPT By: Republica  | @RepublicaNepal


NRB raises housing loan limit to facilitate house building

KATHMANDU, July 23: Nepal Rastra Bank (NRB) has introduced a progressive monetary policy for the current financial year 2023/24, aiming to support the construction of houses for individuals and families.

As part of this policy, the bank has substantially increased the housing loan limit by five million rupees.

Under the new guidelines, prospective homeowners can now avail themselves of a loan of up to 20 million rupees from the bank for building their dream homes. This represents a significant enhancement compared to the earlier loan limit of 15 million rupees, making it more convenient for individuals seeking housing loans.

 

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