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Loans
in Nepal |
Car finance by Nabil bank
We are committed to provide
finance for purchase of your
vehicles - be it for
personal or commercial
purpose. Please step into
one of our branches and ride
home in your new car
Vehicle loans by
CEFI
Loans to finance heavy commercial vehicles, Private Car, Jeep, Pickup,
and taxis
Auto loans
This Nepal Bank loan
is provided for:
- Purchase of new vehicles
- Purchase of old / used
vehicles (For Private use
only)
- Swapping (For Private and
Commercialuse use). Some of
criteria for taking
auto-loans are as follows.
-The loan is provided to
Nepalese Citizens only.
-This is provided to any
salaried and self-employed
individuals and companies.
Motor and car loans
Financing cars, vehicles for
private use by the Bank of
Kathmandu
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News item 18-2-2007 |
The government is
implementing a decision to
annul the passports of 80
blacklisted loan defaulters
associated with 27 leading
business groups and is
sending formal letters to
this effect from Sunday to
all concerned. These
businessmen have in total
defaulted Rs 12 billion from
domestic banks. A high level
source said that the
government is implementing
seriously the cabinet
decision of December 2006
which delegated authority to
the Finance Ministry to take
action against business
houses that have defaulted
on commercial bank loans of
over Rs 50 million.
Reportedly, Finance Minister
Dr Ram Sharan Mahat
initiated the move on
Wednesday after seeking
consent from Prime Minister
Girija Prasad Koirala. The
Finance Ministry took the
decision on the basis of
names recommended by six
leading commercial banks
through Nepal Rastra Bank.
According to a source, Nepal
Bank Limited had forwarded
the names of 11 business
groups for the passport
seizures, and NIC Bank
recommended six groups.
Similarly, Rastriya Banijya
Bank gave four names,
Himalayan Bank three,
Lumbini Bank two and Nabil
Bank one for the same
purpose. Among the 27 big
defaulters The Fulbari Hotel
Limited, owned by Amatya
Group, is the largest. The
Fulbari was blacklisted on
August 2003. It has
defaulted Rs 3.60 billion --
Rs 1.30 billion principal
and Rs 2.30 billion in
interest. Altogether eight
borrowers of the group are
losing their passports and
will be restricted in
selling off fixed assets.
Likewise, Mahalaxmi Sugar
Mills, which was blacklisted
in April 2001 has defaulted
Rs 1.40 billion.
More
about bank defaulters
Other banking news and
articles:
Loans for purchasing
shares on stock market
(17-2-2007)
Housing & auto loans dominate consumer financing
Nepal banks rush into consumer lending
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Easy
money and loans in Nepal
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