NIC Asia Bank Introduces Share-Backed Loan Scheme with 8.17% Interest Rate, Offering Up to Rs. 15 Crore

NIC Asia Bank has launched a new loan product titled ‘NIC Asia ATHOT Loan Against Share’, offering financing against shares at a competitive interest rate of 8.17%, calculated as the base rate plus a 1% premium. The scheme is designed to support investors in the capital market by providing accessible credit backed by shares listed on the Nepal Stock Exchange, including those of banks, financial institutions, and insurance companies.

Under this facility, customers can receive loans of up to 70% of the lower value between the average market price over 180 days or the most recent transaction price of their pledged shares. The loan amount ranges from a minimum of Rs. 50 lakh to a maximum of Rs. 15 crore. The product aims to address the evolving financial needs of share investors with a quick and efficient approval process.

NIC Asia Bank has committed to disbursing the loan within three working days after receiving all required documents. To further streamline services, the bank has set up a dedicated Loan Support Center to provide expert advice, handle customer inquiries, and resolve complaints promptly through a single-window approach.