Kathmandu. NIC Asia Bank has introduced three super miracle loan schemes at 8.25 percent interest rate. Under this, the bank will provide the loans at 0.25 percent administrative fee and the interest rate will not change for one year.

Customers who want to avail financial services under the Super Miraculous Home Loan will be able to avail financial services such as purchase of houses and apartments, construction of houses, purchase of land for construction of houses, etc. The loan period has been fixed from a minimum of 5 years to a maximum of 30 years (including the moratorium period of 5 years) and a maximum loan limit of Rs. 15 million. An arrangement has been made to take overdraft facility up to a maximum of Rs. 5 million.

In case of construction of a house, the bank has the facility to disburse loan up to 100 percent of the construction cost, maximum moratorium period of up to 5 years can be taken for house construction and the borrower can only pay the interest of the loan during the moratorium period. Apart from this, through flexible EMI, customers will be able to pay the EMI they can afford on an annual basis according to their financial capacity.

Similarly, under the Super Miracle Car Loan, customers will be able to get loans for private and business vehicles and electric vehicles with red plates.

Under this scheme maximum Rs. 20 million loan limit has been set. Provision has been made for maximum loan period of 10 years in case of pledge of vehicle and maximum period of 15 years in case of pledge of both vehicle and real estate.

The bank has introduced a super miraculous business loan scheme to encourage small and medium enterprises. Under this, industrialists and businessmen will be able to consume a mixture of periodic loans and overdrafts as per the need of their business and such loan limit has been fixed up to a maximum of Rs. 10 million. The bank is confident that such a scheme will provide more encouragement and motivation to the general public to create an investment environment even in difficult circumstances.

The bank has decided to make a decision on these three loans within 48 hours after receiving the required documents as per the strategy of providing loans to the customers through super miraculous loans with the highest minimum interest rate and unique facilities. Applications for these loans can be made online through the bank's website www.nicasiabank.com and further information can be obtained by typing the loan at 34488, sending an SMS or a miss call to the bank's number 9801227755.