Kathmandu, Sept. 27
Shangri-la
Development Bank has announced 12 per cent discount on the interest of loan.
“Considering
serious impacts of the COVID-19 pandemic, we have announced 12 per cent
discount on the interest amount in the loan repayment due till mid-September
(Ashoj 2077),” said the bank.
However,
the clients should pay all the capital and interest amount due for Ashoj end to
obtain the facility.
Likewise,
the facility wouldn’t be available in margin lending, fixed deposit loan and
wholesale lending to the microfinance institutions.
As per
the rules of the Nepal Rastra Bank, every bank and financial institution should
offer 10 per cent discount on the interest amount.
Published in The Rising Nepal daily on 28 September 2020.
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