Securing home loans for the average middle-class Nepali is consistently challenging. The extensive documentation process, valuation procedures, and banks' strict criteria frequently dissuade individuals from seeking home loans. Nabil Bank's 'Nabil Dhukka Ghar Karja' scheme distinguishes itself among the array of home loan offerings by commercial banks. It prioritizes customer convenience by streamlining the loan acquisition process and offering unparalleled fixed interest rates. Chandani Shrestha, Head of Retail Lending at Nabil Bank, emphasizes that the Nabil Dhukka Ghar Karja scheme provides impeccable fixed interest rates for both home purchases and construction projects. Initially fixed for 7 years, these rates offer customers stability and facilitate long-term planning. After this period, the rate transitions to the Base Rate (BR) + 1.5 percent premium, which remains fixed for the remainder of the loan term, ensuring continued predictability, she adds. Customers are expressing satisfaction with Nabil Bank's affordable housing loan scheme, which provides fixed interest rates for a remarkable duration of up to 30 years. Initially, Nabil Bank offered fixed interest rates of 10.99% per annum for 7 years and 11.99% per annum for 10 years under their Nabil Dhukka Ghar Karja scheme. 

This scheme is designed to empower customers to realize their dream of homeownership by offering up to 70% financial assistance for first-time home buyers and up to 60% for others, coupled with a hassle-free loan application process. Furthermore, participants in this scheme are entitled to complimentary credit card services of up to two lakhs. "In May 2023, we launched the Nabil Dhukka Ghar Karja Home Loan scheme, providing loans of up to Rs 20 million at a fixed interest rate of 10.99% for 7 years. However, if extended beyond this period, the interest rate would transition to BR + 2%," explained Shrestha. "After a year, we introduced the third iteration of the scheme in Falgun 2080, featuring a reduced interest rate of 8.99% for 7 years, applicable to both home purchase and construction," explained Shrestha. Since May 2023, the bank has disbursed loans totaling more than Rs 5 billion to over 1000 customers. Initially, upon the scheme's launch, the bank offered a fixed interest rate alongside a 20-year repayment period. In its third iteration, customers now have access to the loan at a fixed rate of 8.99% with an extended repayment period of up to 30 years. This adjustment aims to alleviate the financial burden for customers with limited resources, who may require a longer repayment duration and smaller EMIs. However, Shrestha notes that individuals seeking a shorter repayment period of 5-7 years can also benefit from this scheme.