Nabil Bank unveils Nabil Sustainable home loan scheme; to extend affordable home loan facility to environment-friendly homes

Nabil Bank has launched Nabil Sustainable Home Loan scheme amid the celebration of World Environment Day.

The new scheme was unveiled by the chairman of the bank Mr. Upendra Prasad Poudel. Under this new scheme, the bank shall provide affordable home loans to those who are interested to construct their homes with environment-friendly materials, as per the media statement.

One will receive this loan with just a 1% premium added to the base rate. For those who want a fixed interest rate, one can have this loan for seven years with a 10.49% fixed interest rate. For the repayment schedule beyond seven years, then one will have a 1.5% premium added to the base rate. One can also find attractive discounts on the service charge while can also avail of free credit cards up to Rs 3 lakh for a year, as per the media statement.

One can also enjoy a convenient EMI service for up to 20 years where the credit amount has to be between seven lakhs to five crores. For being eligible for this scheme, one needs to have a sustainable rainwater harvesting mechanism, solar heating system, efficient energy equipment like LED bulbs and induction stoves, solid waste management system and so on installed in their home, as per the media statement.