Siddhartha Bank launches new agro loan scheme with 2% premium in its base rate; aims to promote agro and livestock sector in Nepal

Sun, Nov 8, 2020 8:11 AM on Latest, Corporate,

Siddhartha Bank has launched a new agro loan scheme under which interested borrowers can avail the credit of Rs 10 crore with an aim to promote agriculture and livestock farming in Nepal.

The bank will extend the credit facility by adding a 2% premium in its base rate and the borrowers will also be eligible to receive a 5% subsidy in the interest, as per the media statement.

The bank will not charge any admin fee and the loan can be availed for a maximum of 15 years, as per the media statement.