NIC Asia Bank Introduces Discount Scheme to Alleviate Loan Burdens

NIC Asia Bank Limited, renowned for its commitment to responsible banking under the slogan 'Bank pani sathi pani, ramro pani hamro pani,' has unveiled a comprehensive plan to ease the burden on loan customers amidst the current economic challenges facing the nation.

As of the end of Chaitra 2080, NIC Asia Bank has implemented a discount scheme aimed at mitigating the impact of loan obligations on customers amidst the economic slowdown. Under this initiative, borrowers who settle their entire loan amount by the end of Jestha 2081 will enjoy significant discounts on fines, damages, and simple interest.

The discount scheme, outlined in the following table, offers varying percentages of discounts based on the duration of loan arrears:

1. For arrears lasting between 91 to 180 days, borrowers will receive a 15% discount on the simple interest amount.

2. Arrears extending between 181 to 365 days will qualify for a 25% discount on the simple interest amount.

3. Arrears surpassing 365 days will be eligible for a substantial 35% discount on the simple interest amount.

Customers facing financial challenges across all loan categories, including current capital loans and revolving loans with monthly and quarterly installments, can participate in this scheme to alleviate their financial strain.

In light of the unprecedented economic circumstances, NIC Asia Bank has proactively introduced this attractive interest discount scheme to extend support to its stakeholders and contribute towards the broader goal of bolstering the national economy.

The bank remains optimistic that this initiative will not only alleviate the financial burden on affected customers but also stimulate economic recovery and long-term growth prospects for the nation.