Several firms’ employees are being targeted by the Sunrise Payroll Loan programme, which was introduced by Sunrise Bank.
Employees who have a Sunrise Payroll Savings account are eligible to receive loans of up to Rs 15 lakh without the need to put up any security. According to the media announcement, customers can receive a loan amount equal to 24 months of their income amount or up to Rs 5 lakh in overdraft and a term loan equal to up to Rs 10 lakh, with the loan being extended for a maximum of five years beyond the first term.
According to a media announcement, the bank is also offering depositors a bonus of 10.07 percent interest on the occasion of the Dashain festival.
139 people are now employed by the bank.
It has a total of 91 branchless banking units, 12 extension counters, 160 ATM outlets, and 12 branchless banking units in its network.