February 15: Mahalaxmi Bikas Bank has rolled out a new loan scheme tailored for the Nepali new year 2081, offering competitive interest rates on home loans, business loans, and personal vehicle loans.

Under this initiative, there will be a stable interest rate for the initial year, and up to 25% discount on service charges will be given for female costumers. In line with the scheme, home loans will offer a flexible term ranging from 2 to 30 years, with loan amount up to Rs. 5 million.

Similarly, small and medium-sized enterprises can avail themselves of loans at an attractive annual interest rate ranging from 10.99% for up to the term of 15 years.

Additionally, individual borrowers seeking personal vehicle loans will benefit from an annual interest rate of 11.49% for a period of up to 15 years. The minimum tenure for personal vehicle loans is two years, extendable to a maximum of five years.