Nabil Bank launches Nabil Nari; to encourage savings and enhancing women entrepreneurship in Nepal
Nabil Bank has launched “Nabil Nari” a complete packaged product designed exclusively for Nepali women. With the view of celebrating womanhood, Nabil Bank has taken the initiative to provide complete banking services for women by introducing three new products under Nabil Nari. The Bank has also appointed leading Nepali actress, Ms. Priyanka Karki as the face of Nabil Nari.
Under Nabil Nari, the Bank has introduced three new saving and loan products - “Nabil Premium Nari Bachat”, “Nabil Nari Karja” and “Women Run Microenterprises Loan” to cater to all the financial needs of Nepali women, in terms of encouraging savings as well as enhancing women entrepreneurship in Nepal.
Nabil Premium Nari Bachat offers a competitive interest rate of 4.75% p.a. with attractive features and special benefits and features like Nabil SmartBank, Credit Cards (both local and international), Demand Drafts/Swift Transfers, locker facility etc.
Furthermore, Nabil Nari Karja is a SME loan product designed specifically for women, which aims to provide a flexible loan with a very competitive interest rate of 9.99% p.a. to assist women in their entrepreneurial endeavors.
Eligibility for Nabil Nari Karja:
Proprietorship firm : Women owned
Partnership firm : 50% partnership of women
Company : 51% shareholding of women
Features of NABIL NARI KARJA
- Interest Rate : 9.99% per annum (Fixed for 1 year)
- Loan size : Rs. 5 lacs to Rs. 1.5 crores
- Free issuance of Credit card to the key person with initial limit of NPR 50,000
- Free Transaction alerts through SMS
- Free Monthly Bank Statement delivery through email
- Turnaround Time of 5 working days
In view of developing agriculture and livestock sector and also assist in self employment and micro enterprise development for Women, Nabil Bank has also launched Women Run Microenterprises interest subsidized loan under Direct Deprived Sector Lending on an EMI basis with a very low rate of interest of 3.94% p.a. This loan facility aims to develop women’s entrepreneurial skills for sustainability, increase production and job creation through agro and livestock businesses and other entrepreneurial activities.
Features of WOMEN RUN MICROENTERPRISES LOAN
- Interest Rate : 3.94%
- Loan size : Up to Rs. 15 lakhs
- Tenure : Up to 5 years
- Age of borrower : 18 – 65 years
- Approval confirmation : Within 21 working days after submission of all required documents
- No requirement of collateral
- No additional charges
“I believe that our new Nari products will encourage all Nepali women to take steps towards building a secure future and also empower women entrepreneurs to grow and contribute in the development themselves, their families and the society at large. With an access to high quality credit sources, women can build strong businesses, escape poverty and become an even bigger contributor to the economic development of the nation” said the CEO of Nabil Bank, Mr. Anil Keshary Shah.
Nabil bank is providing its services through a wide domestic network of 75 branches, 125 ATMs, more than 1,500 Nabil Remit agents throughout the nation and many correspondents across the globe. The Bank believes in moving “Together Ahead” with all its stakeholders.
