Kathmandu. Sunrise Bank has launched Sunrise Payroll Loan Scheme targeting employees working in various organizations and offices. Under the scheme, customers who have a payroll saving account with the bank will be able to take a loan of up to Rs 1.5 million without collateral. According to the plan, customers will be able to take a loan of up to Rs 1.5 million with a maximum salary of 24 months or an overdraft of up to Rs 500,000 and a tram loan of up to Rs 1 million.

To get a loan, the customer has to be an employee of any organization. The loan will be provided for up to 5 years. Sunrise Bank has also made an arrangement to pay maximum interest of 10.07 percent on time deposit on the occasion of its 14th anniversary and tenth anniversary.

The bank is currently providing services through 139 branches, 12 extension counters, 160 ATMs and 91 branchless banking services.