Muktinath Bikas Bank Signs MoU with Karma Residencies for Home Loan Facility

Muktinath Bikas Bank and Karma Residencies have signed an MoU to provide home loan facilities to customers purchasing residential and apartment units at Karma Residencies in Maharajgunj.

The agreement was signed by Muktinath Development Bank CEO Tara Manandhar and Karma Residencies Chairman Karma Tenzing.

Eligible customers can access home loans at the bank’s prevailing base rate plus a 0.25% premium, subject to the bank’s lending criteria. The loan can be extended for up to 30 years.

The facility will cover financing for the purchase of homes and apartments, with approval subject to credit assessment, property valuation, legal and technical due diligence, and the bank’s existing policies.