Siddhartha Bank launches Women Entrepreneurship credit scheme with 6.025% interest; willing female entrepreneurs can receive upto 90% of financing within 5 days of loan application

Siddhartha Bank has launched Women Entrepreneurship credit scheme under which willing female entrepreneurs can receive loan amount of upto Rs 15 lakh from the bank with 6% interest subsidy as prescribed rate of Nepal Rastra Bank with 2% added in bank’s interest base rate.

The loan scheme carries following benefits for the female entrepreneurs:

*Upto 90% or upto Rs 15 lakh credit facility

*Annual interest of 6.025%

*Service charge waved

*Loan payment charge waved

*Credit approval within 5 days of application

The bank currently has 176 branches, 101 branchless banking units, 4 extension counters, 197 ATM terminals, and more than 1600 POS machines under its network.