NIC ASIA Bank launches home, vehicle and business loan schemes with 8.25% interest rate; to levy 0.25% admin charge making them one of the cheapest loans available

Sun, Jul 5, 2020 6:52 AM on Corporate, Latest,

NIC ASIA Bank has launched Super Chamatkarik Home Loan, Super Chamatkarik Vehicle loan and Super Chamatkarik Business loan schemes with attractive interest rate and other facilities.

The bank has launched loan schemes with one of the lowest interest rates in the banking fraternity with 8.25% interest and 0.25% admin charges, as per the media statement.

With Super Chamatkarik home loan scheme, customers can receive loans to purchase homes, apartments, land for home construction with loan repayment period from 5 to 30 years where the loan limit is at 1.50 crore with upto Rs 50 lakh overdraft facility.

The limit in vehicle loan scheme is set at Rs 2 crore where the loan repayment period can range upto 15 years whereas upto Rs 1 crore for business loan scheme targeted towards SME sector, as per the statement.

The bank currently provides its services to its strong customer base from its 326 branches, 464 ATM terminals, 101 extension counters and 61 branchless banking units throughout the nation.