Siddhartha Bank brings banking solution to ease ongoing oxygen crises in Nepal; offering loans to hospitals with many attractive schemes to support set-up and upgrade oxygen plants

Siddhartha Bank, in response to the growing crises of medical oxygen in Nepalese health institutions, has launched a Siddhartha Oxygen loan scheme for the private hospitals that are aiming to set up oxygen plants or increase the capacity of the existing plants.

As per the media statement, the special features of the new loan product are

*Interest rate will be charged at bank’s base rate

*Cash flow statement of the hospital will be considered for the fastest possible disbursement of credit amount

*The service fee will be fully waived off.

*Subsidy will be provided in the interest rate if the Nepal Rastra Bank includes such a loan product under the interest subsidy net in the future.