Citizens Bank’s Home Loan Scheme: Fixed 7.99% Rate and Benefits for Homebuyers

18th December 2024, Kathmandu

Citizens Bank’s Home Loan Scheme

Fixed Interest Rate for Seven Years

Customers can lock in a fixed interest rate for the first seven years. After that, the interest rate will adjust according to the bank’s monthly base rate with an added premium of 15%.

Easy Access to Home Loans

Customers can apply for a home loan at any Citizens Bank branch across the country. Loans are available up to NPR 20 million, making it easier to purchase or build a home. Additionally, customers will receive free Visa Credit Cards and Citizens PhonePe Credit Cards. A 50% discount on locker facilities is also offered for the first year.

Recent Bank Achievements

Citizens Bank recently won the prestigious “Bank of the Year 2024” award. The bank also launched the “Citizens PhonePe Credit Card” in collaboration with PhonePe, making it Nepal’s first such initiative. This launch aims to simplify and improve customers’ digital payment experience.

Wide Network of Services

The bank serves over 1.8 million customers across 60 districts in Nepal. It operates 197 branches, 162 ATMs, and 74 branchless banking units, ensuring accessibility and modern banking services nationwide.

Commitment to Customer Service

Citizens Bank is continuously improving to provide the best services to its customers. This new home loan scheme is part of their ongoing effort to meet the diverse needs of the market.

Mahesh Thapa’s Statement

Mahesh Thapa, the Chief Financial Officer, said, “We are committed to offering flexible and affordable solutions to our customers. This home loan scheme is designed to make homeownership a reality for many.”

This initiative, alongside other banking services, aligns with the bank’s mission to enhance customer satisfaction and promote financial inclusion in Nepal.

For more: Citizens Bank’s Home Loan Scheme