3rd July 2024, Kathmandu
NIC Asia Bank has announced a new discount plan aimed at assisting loan customers affected by the current economic slowdown.
NIC Asia Discount Plan
In line with its commitment to responsible banking and under the slogan ‘The bank is also a friend, good is also ours’, the bank is offering a 100% discount on fines and damages, as well as on simple arrears interest, for overdue loans until the end of Chaitra 2080.
To benefit from this scheme, customers must repay the entire loan amount by End of Ashad 2081 (July 2024)).
| Sr. No. | Overdue Period | Discount on Simple Interest (%) |
| 1 | 91 days to 180 days | 15% |
| 2 | 181 days to 365 days | 25% |
| 3 | Over 365 days | 35% |
This scheme is open to customers struggling with financial laxity on any type of loan from the bank, including current capital loans and other revolving loans paid in monthly and quarterly installments.
NIC Asia Bank has arranged an attractive interest discount on loans to address the urgent needs of all stakeholders during this extraordinary time.
The bank believes this initiative will contribute to the greater good of the national economy by reducing the financial burden on its customers and aiding in the recovery and long-term strengthening of the country’s overall economy.
For more details, see the NIC Asia Discount Plan
