7th April 2024, Kathmandu
NIC Asia Bank (NICA) extends a helping hand amidst economic uncertainties with a remarkable initiative. In a bid to alleviate the financial burden on its customers, NIC Asia Bank introduces a comprehensive scheme offering a 100% discount on fines, damages, and interest amounts until the end of March 2080. This pioneering initiative aims to mitigate the impact of economic challenges faced by borrowers, fostering resilience and stability in the national economy.
Scheme Details:
Under this scheme, borrowers with loans classified as non-performing as of March 2080 must fulfill their interest and installment obligations by the end of the specified period. Upon complete repayment of the loan amount by March 2080, borrowers are entitled to a 100% discount on fines and damages. Additionally, customers benefit from interest discounts based on the loan classification, with exemptions ranging from 10% to 20%.
Eligibility:
Customers experiencing financial constraints across various loan categories, including monthly and quarterly installments, current capital loans, and other revolving loans, are eligible to participate in this scheme. NIC Asia Bank extends its support to alleviate the financial stress of borrowers during these challenging times.
Positive Impact:
NIC Asia Bank’s initiative underscores its commitment to supporting stakeholders and contributing to the nation’s economic well-being. By providing substantial discounts on loans, the bank aims to ease the financial burden on customers, thereby fostering economic recovery and long-term resilience. This scheme is poised to stimulate economic activity and bolster confidence among borrowers and stakeholders.
NIC Asia Bank’s unwavering dedication to customer welfare and economic stability shines through its innovative discount scheme. With a network spanning 360 branch offices, 670 ATMs, 117 extended counters, and 51 branchless branch networks nationwide, the bank is well-positioned to deliver impactful solutions. Together, let us embrace this opportunity for financial relief and embark on a journey towards a stronger, more resilient economy.