Kathmandu Finance launches new loan product

Kathmandu Finance has launched collateral-free loan for professionals having regular income. Issuing a statement, the finance company said it would give five-year term loan of up to Rs 1.5 million to professionals like doctors, engineers, chartered accountants, and self employed people having regular income. Borrowers are required to pay interest and loan amount in monthly installment, the company said. Kathmandu Finance is also preparing tp issue 1:1 right shares to its shareholders as part of its capital increment plan. The company has paid-up capital of Rs 183.8 million.