Sunrise Bank launches Sunrise Payroll loan scheme of upto 15 lakh for working professionals; also reveals new FD product with 10.07% interest

Sunrise Bank has launched a Sunrise Payroll Loan scheme targeting the employees of different organizations.

These employees having their Sunrise Payroll Saving account can receive loans of up to Rs 15 lakh without any collateral. Customers can receive a loan amount of 24 months of the salary amount or up to Rs 5 lakh overdraft and a term loan of up to Rs 10 lakh while the loan will be extended for the maximum period of 5 years, as per the media statement.

The bank is also offering 10.07% interest for the depositors on the occasion of the Dashain festival, as per the media statement.

The bank currently has 139

Branches, 12 extension counters, 160 ATM outlets, and 91 branchless banking units under its network.