NMB Bank launches ‘Ballooning & Reverse Ballooning Home Loan facility

Mon, Nov 25, 2019 11:06 AM on Corporate, Latest,

NMB Bank announces the launch of ‘NMB Ballooning and Reverse Ballooning’ schemes under its home loan facility. Customers vying for Home Loan facility at NMB Bank can now choose their repayment methods as per their requirements under the newly launched schemes.

The Ballooning option allows repayment of principal on Home Loans with a flexible approach that allows for EMI payment on part of the loan while the other part of the loan can be settled in bulk on yearly basis. Alternatively the Reverse Ballooning loan option allows repayment of principal on Home Loans by a unique modality which allows for EMI to diminish over every 5 to 10 years as chosen and required by the customer. 

‘The released novel schemes intend to ease loan repayment for customers for their convenience and according to their preference. We are confident these new schemes will further augment our value proposition in the existing home loan facility provided by the bank.’ Said a statement issued by the Bank.

NMB Bank currently has a network of 163 branches, 128 ATMs and 5 extension counters across the country.

 

NEPALI