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Loans
in Nepal |
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.
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
Motor and car loans
Financing cars, vehicles for
private use by the Bank of
Kathmandu
More about Loans in Nepal |
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News item 1-1-2007 |
The New Year is set to be
quite a bleak year and one
of comeuppance come for the
big defaulters of bank
loans. The Parliamentary
Public Account Committee
(PAC) today directed all
banks to formulate a plan of
action within three weeks
for recovering bad loans,
which have crossed Rs 35
billion. The PAC today held
a discussion on the hurdles
in recovering all
non-performing loans with
the Governor of Nepal Rastra
Bank, Bijaya Nath Bhattarai,
Finance Secretary,
Vidhyadhar Mallik, outgoing
Auditor General, Gehendra
Nath Adhikari, and
representatives of the Nepal
Rastra Bank (NRB) and
Rastriya Banijya Bank (RBB)
and gave the direction “Such
a plan of action will
comprise, among other
things, strategies to be
adopted by banks and the
value of collateral,” said
the PAC chairman, Chitra
Bahadur KC. Representatives
of the banks told MPs that
the court’s “stay orders”
were the major problem the
banks were facing in their
bid to recover bad loans.
The bank employees are
“being threatened” by loan
defaulters, particularly in
Nepalgunj and Birgunj, they
said. “Stay orders are
blocking the recovery of Rs
4.45 billion in principal
and interests,” said a
foreigner working at the NRB.
He added that 50 per cent of
total bad loans, which are
owed by top 20 bank
defaulters, are difficult to
recover.
More about recovery of bad
loans in Nepal
Other banking news and
articles:
agricultural development
bank loans (24-1-07)
recovery plan for bad
loans (1-1-07)
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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