Kathmandu. Himalayan Bank Limited, which has been providing the latest banking services, has introduced new loan schemes targeting different categories of customers. In the month of November of the current financial year, the base rate of the bank is 10.61 percent. The rating given to this bank as the number 1 bank in the country by Bankers Almanac has upgraded the bank. The bank has announced 12 types of new loan schemes for the deposits collected from various deposit accounts.

Keeping in mind the general consumer, the bank has come up with a plan to provide loans for the purchase of household goods. Home loan, consumer loan, agricultural, educational, share, personal mortgage loan, first class bank guarantee loan, term receipt loan, government bond and bank bond loan, subsidized full loan, small personal business loan And facilities are loans.

Home loan

Himalayan Bank has introduced a home loan scheme by adding 5 percent premium to the base rate to fulfill the wishes of ordinary citizens who are in poor financial condition. The bank has launched a new product that can be invested up to 100% for individual purchase/construction of a new house or purchase and expansion of an existing house or purchase of land.

The bank is going to provide loans ranging from 5 lakh to 15 million rupees to customers who are in poor financial condition to buy and construct real estate with confidence. The bank plans to provide a maximum loan of Rs 75 lakh for the purchase of land only. The loan taken from the bank has to be repaid within 3 to 25 years on the basis of equal monthly installments with interest.

The bank will provide loans up to 80 percent of the house purchase price and up to 75 percent of the price for the purchase of flats and up to 60 percent for the purchase of land. According to the bank, the loan will be provided up to 100 percent of the estimated cost of building a house and up to 100 percent of the estimated cost of addition/expansion/renovation/modification of the house construction loan. The bank has introduced such a plan especially targeting low middle and upper middle class people who have regular, sufficient and stable income.

HBL Consumer Loans

Along with home loans, the bank has introduced consumer loan schemes. The bank has facilitated the purchase of various household consumables, durable and decorative items such as TV, refrigerator, washing machine, mobile, laptop, furniture, jewelry, motorcycle, etc., which are required in the daily life of the customers, through credit card despite the low limit.

The bank has introduced a plan to invest in mobile phones through credit cards. The bank has started a plan to invest loans to buy iPhones and Samsung mobiles from credit cards. Despite the minimum credit limit, customers are given the opportunity to purchase the items according to their utility.

The bank has introduced a consumer plan with the features of being able to purchase valuable goods with a low credit limit, paying installments to the bank every month, paying from 1 to 3 years, and paying the minimum interest rate and other charges related to the loan.

The bank can take a loan from Ncell for Rs 48,999 to Rs 81,999 to buy iPhone 5S, 6 and 6 Plus phones. The loan will be provided at an annual interest rate of 9.5 percent. The loan has to be repaid within one year. Similarly, Samsung phone can be borrowed on the basis of monthly installments. For that loan, you can take a loan of 20 thousand to 2 lakh rupees. The loan has to be repaid in 10 months.

Agricultural loans

The bank is going to give a loan of 10 lakh rupees by adding 5 percent premium to the base rate. The bank has introduced the scheme to provide loans to eligible farmers involved in agricultural farming activities. Production, processing or storage of vegetables, seeds, plants and fruits, animal related businesses, production, processing or storage of fruits, mushrooms, herbs, sugarcane, ginger and cardamom, production, processing or distribution of milk and fishery businesses. yes

Farmers have to repay the loan taken from the bank within 3 months to 5 years. According to the bank, the bank has announced plans for overdraft/overdraft and short-term demand loans for processing livestock, poultry and meat products, other agriculture-related areas determined by the government, organic farming of cash crops such as fresh vegetables/fruits.

A loan secured by a first class bank guarantee

The bank provides loan facilities on the basis of bank guarantees issued by various first class international banks. The bank will provide loans against first class bank guarantee to banks without loan appraisal by adding 5 percent premium to the base rate.

A loan secured by a term receipt

The bank has introduced a plan to provide loans under the security of term receipts. This scheme introduced by the bank provides loans in Nepali rupees in lieu of Nepali rupees and term receipts opened in foreign currency. Such loans are up to a maximum of 90 percent of the value of the fixed term receipt. The bank will provide loans in Nepalese rupees at 1 percent and 2 percent at base rate and in case of wanting to take more loans, they will provide loans up to 2 percent.

Personal mortgage loans

Along with announcing other loan plans, the bank has also introduced plans for personal mortgage loans. The bank has managed such a new loan to provide middle and upper middle class entrepreneurs/businessmen or individuals with regular income sources who can provide fixed assets as collateral to invest in any sector.               

The bank has introduced a new product targeting Nepali citizens/entrepreneurs/businessmen who have regular, sufficient and stable income. If the bank is going to give a loan of 2.5 million to 2 million rupees, then the loan taken from the bank will have to be repaid on the basis of quarterly or equal monthly installments. Similarly, it has facility to take loan up to 50 lakh rupees through overdraft. In case of overdraft loan, interest has to be paid quarterly.

Share Loan (Margin Loan)

The bank will give loans of Rs 3 lakh to Rs 50 lakh to those who are willing to invest in the stock market. The bank has introduced a plan to provide loans at an interest rate of 65 percent of the share price with the aim of strengthening the financial capacity of common people. This bank also provides loans against the security of shares of listed public companies. The bank provides share security loans within certain criteria on the security of shares of various associations listed in the Nepal Stock Exchange.

The loan taken from the bank to invest in shares has to be repaid monthly, quarterly or at the end of the entire principal and interest at one time. Similarly, there is a provision of loan period (renewable) within 1 year.

Educational loans

For higher education studies, the bank can take a loan of 10 lakh rupees under overdraft facility. In case of overdraft loan, interest has to be paid quarterly. The bank has been providing students with concessional rates and customer-friendly educational loans if they have to go abroad for higher education studies.

Loans secured by government bonds and bank bonds

Himalayan Bank will provide loans at 1 percent on the security of government bonds and bank bonds. Bankal has promised to provide loans against various bonds, promissory notes, stock securities issued by the government or Nepal Rastra Bank. Such loans are up to a maximum of 90 percent of the value of bonds, promissory notes, stocks. In addition, the bank also provides loans against bonds issued by other commercial banks.

Concessional full loan

The bank has arranged to provide subsidized full loans along with arranging other loans. Loan can be taken from 1 lakh to 50 lakh rupees. The loan taken from the bank will last for 7 years on the basis of annual renewal. The loan has to be repaid on the basis of equal monthly or quarterly installments, and in the case of adhikaris loan, there is a provision to pay the interest on a quarterly basis.

Small Personal Business Loan (Personal)

The bank has launched a personal loan at a base rate of 5 percent targeting businessmen/traders with reliable income for the purpose of obtaining a loan to buy any property or secure their own property. A new product has been introduced along with the minimum basic qualifications/criteria to meet the working capital and fixed asset requirements of any business.

An honest and enthusiastic person who wants to do something in the future can take a loan of 5 lakh to 5 million rupees from the bank. The loan has to be fully repaid within 10 years on the basis of equal monthly installments. Similarly, up to 4 lakh rupees can be taken as working capital. All the loans have to be repaid on the basis of annual renewal.

Facility loan

The bank has introduced this facility loan to meet the financial needs of social and religious functions like marriage, pasni, bratavandh, etc., purchase of home furnishings, family health check-ups and medical visits. Targeting middle and upper middle class people with regular, adequate and stable income, the bank provides such loans by adding 5 percent premium to the base rate.

People who want to meet their financial needs can take a loan from 2 lakh to 40 lakh rupees. Full repayment is to be made within 1 to 10 years based on equal monthly installments. Similarly, in the facility loan (overdraft facility), there is a provision that one can take a loan from 2 to 15 lakh rupees