KATHMANDU: Siddhartha Bank Limited has launched an online application service for share mortgage loans with the aim of addressing the immediate financial needs of the customers in a simple and easy manner.
Under this service, customers will be able to take the required loan from the bank by pledging their shares. According to the bank, customers will be able to easily apply for a share mortgage loan online through Siddhartha Bank’s mobile banking app BankSmart XP. In the app, you can apply through Easy Loan > Loan Services > Loan Against Share option.
According to the bank, customers can take a loan up to 70 percent of the share collateral based on the total valuation of the pledged shares. The bank believes that with this facility, customers will be able to meet their personal and business financial needs easily.
The share mortgage loan service, which has been launched with the aim of providing fast, safe and reliable financial services, will be available from all branches of Siddhartha Bank. For more information about this service, you can contact the bank’s 24-hour customer service center ‘Siddhartha Care’.
