Tag: introduces

  • ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion

    ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion


    The Agricultural Development Bank Limited (ADBL) has launched a novel loan facility via the ADBL Smart Plus App, responding to the increasing demand for digital services and aiming to bolster financial access and inclusivity. This initiative enables eligible customers holding salary accounts with the bank to access instant loans of up to Rs. 2 lakhs directly through their mobile banking application, devoid of the necessity for collateral, paperwork, or physical visits to the bank.

    The repayment tenure for these loans can be selected as 3, 6, 9, or 12 months, structured on an Equated Monthly Installment (EMI) basis, with provisions for pre-payment. Additionally, eligible customers can avail themselves of the Buy Now, Pay Later (BNPL) feature for credit payments at Fonepay merchants via QR codes, facilitating purchases with the flexibility to pay in monthly installments.

    Moreover, customers have the option to utilize the “Convert to EMI” functionality to transform significant transactions into loans payable through installments. The registration process for this service is straightforward through the mobile banking app, and loan eligibility is determined based on a variety of criteria. Agricultural Development Bank aims to enhance customer convenience by introducing digital loans through the Foneloan service, marking itself as the first government bank to do so.

    Sagar Sharma, the CEO of Foneloan, underscores the objective of maximizing customer convenience, while Govinda Gurung, the CEO of Agricultural Development Bank, emphasizes the bank’s dedication to providing convenient facilities and expanding its array of digital banking services. Agricultural Development Bank operates via numerous branches and ATMs nationwide, catering to various sectors, including agriculture and personal loans, and offers comprehensive digital banking services.

  • “New Rs 20 Currency Notes with Distinctive Features Introduced by Nepal Rastra Bank”

    “New Rs 20 Currency Notes with Distinctive Features Introduced by Nepal Rastra Bank”


    Introducing the all-new Rs 20 currency notes from Nepal Rastra Bank’s Currency Management Department! While maintaining their familiar size and color, these notes come packed with enhanced security features and distinctive elements to ensure the utmost reliability. Exchange your older notes, bearing series numbers from THA 87 000001 to TA 18 999999, and receive the full value of 20 rupees guaranteed by the Government of Nepal instantly. Upgrade your currency today for a safer and more secure financial experience.

     

  • “CDSC Launches SMS Alerts for Right Share Notifications”

    “CDSC Launches SMS Alerts for Right Share Notifications”


     

    CDSC, in partnership with associated firms, has begun informing investors about the launch of rights shares through mobile messages, starting today (Bhadra 12th), to meet investor demands. The first batch of notifications has been sent to 38,327 out of 70,000 investors of Synergy Power Development Limited (SPDL). CDSC plans to send messages to the rest as well. However, the process is hindered by incorrect contact numbers (some not nine-digit) and even landline numbers provided by certain investors, posing difficulties in message delivery.

     

  • “Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”

    “Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”


     

     

    Garima Bikas Bank has introduced two new loan programs: Garima Easy Home and SME loans, both with a competitive interest rate of 11.99%. Borrowers can benefit from a fixed interest rate of 11.99% over a seven-year term under these new schemes.

    The bank’s extensive network consists of 121 branches and 50 ATM outlets, providing convenient access to its services.

  • “Nabil Bank Launches Nabil Dhukka Ghar Karja with 10.99% Fixed Interest Rate and 70% Property Value Loan”

    “Nabil Bank Launches Nabil Dhukka Ghar Karja with 10.99% Fixed Interest Rate and 70% Property Value Loan”


     

    Nabil Bank is introducing an attractive option for home loans, presenting two competitive fixed interest rate choices: 10.99% for a 7-year term and 11.99% for a 10-year term. Homeowners often worry about fluctuating rates impacting their monthly payments, as explained by Chadani Shrestha, Head of the Personal Lending Unit at Nabil Bank. To address this concern, the bank has launched the ‘Nabil Dhukka Ghar Karja’ scheme, offering homeowners peace of mind with stable and affordable fixed rates throughout the loan period.

    Under the ‘Nabil Dhukka Ghar Karja’ plan, first-time homebuyers can benefit from financing up to 70% of the property’s value, while others can secure up to 60% financing. The loan process is designed to be hassle-free and convenient for all applicants.

  • Mahalaxmi Bikas Bank introduces new home and business loan schemes, lowering the interest rate to 12.99% with a special service charge discount.

    Mahalaxmi Bikas Bank introduces new home and business loan schemes, lowering the interest rate to 12.99% with a special service charge discount.


     

    In addition to the new year’s special offer, the bank is offering a 0.25% discount on the service charge for both of these loan schemes for female home/business owners for a limited time. According to the media statement, borrowers can also receive up to 100% of the cost of the home/building as a loan for a maximum of 30 years, as well as a special discount on the service fee.

    According to the media statement, the bank will provide loans for entrepreneurs with the best valuation of property, loan amount disbursed beforehand, and an attractive discount on in-service charge.