Kathmandu. NIC Asia Bank has launched an attractive loan scheme called ‘NIC Asia Athodh Loan Against Share’, a loan to be offered by pledging shares at competitive interest rate (1 percent premium addition to the average base rate).
Addressing the needs, market and time demands of the common customers by practicing dynamic banking, the bank has launched this share loan scheme at competitive interest rate (1 percent premium addition to the average base rate) to address the stock market, which is a key pillar of the economy among the customers.
Customers can get loans up to 70 percent of the average market price of 180 days of shares or the latest transaction price, whichever is lower, by pledging ordinary shares of banks and financial institutions, insurance companies and various other companies listed on the Nepal Stock Exchange. Under this scheme, the bank can get a minimum loan amount of Rs 5 million to a maximum of Rs 150 million.
