Sunrise bank introduces “Sunrise Safe Home Loan” product
Wed, Jul 22, 2015 12:00 AM on Others,
ShareSansar, July 22;
Sunrise Bank Limited (SRBL) has introduced ‘Sunrise Safe Home Loan ‘product in coordination with Prime Life Insurance. Ratnaraj Bajracharya, CEO of the Sunrise bank informed about the product in a press meet organized at Hotel Annapurna, Durbar Marg.
Under this product, home loan ranging from 5 lakh up to 1 crore will be dispersed. Prime Life Insurance covers the borrower’s life insurance policy. In case of death of the borrower, the insurance company will be paying the loan amount equal to the sum assured. Also at the end of loan period the borrower will be provided with dividends.
The product is targeted for low level and middle level customers said Ratnaraj Bajracharya, the CEO of the bank.
In the fourth quarter of the fiscal year 2071/72, the bank has mobilized a deposit of Rs. 33 arba 37 crore and extended a loan of Rs.27 arba 25 crore. It’s paid up capital remains at Rs.2 arba 23 crore 66 lakh. The bank has 2 lakh 58 thousand customers.
The bank has 53 branches of which 22 branches are inside Kathmandu Valley and 31 are outside the valley. The bank is also providing services through its 64 ATM outlets.
