NIC ASIA Laghubitta to provide up to 6% rebate on interest amount and 100% on penal charges for Ashad; to charge interest rate at maximum 12% pa

NIC ASIA Laghubitta has extended its interest rebate service where the borrowers of the microfinance who clear their interest and principle till the month of Asar will receive a further 1% to 6% reduction on interest amount and 100% refund of penal charges. Earlier, the microfinance had complied with Nepal Rastra Bank’s directives to provide a 3% interest rebate on the overall interest of the borrowers till the end of Chaitra and similar rebate for the Baisakh and Jestha end.

The microfinance has also reminded the investors that it will issue 44.43 lakh unit IPO shares from Asad 10, 2077 for which the minimum closing date is Asad 14 and the maximum closing date is Asad 24, 2077.

The microfinance has its presence in 33 districts via 105 branches, as per the statement.