Kathmandu. Nepal Rastra Bank (NRB) fiscal year 2082. It has directed the banks to implement the provision brought through the annual monetary policy for 82.
The central bank issued a circular in the name of banks and financial institutions today. Nepal Rastra Bank (NRB) has amended the unified directive issued to the finance ministry and implement the provisions brought in through the monetary policy. Now the banks have been directed to follow the revised directive.
Through the monetary policy, the central bank has increased the limit of single customer share mortgage loan to Rs 250 million. Earlier, the loan limit was only Rs 150 million.
Similarly, for the first time, the limit of personal residential home loan has been increased to Rs 30 million for buying or constructing a house. Earlier, the loan limit was Rs 20 million.
The loan-to-value ratio has been increased to 70 percent in case of loans provided for the construction of residential houses. Earlier it was 60 percent. For the first time, the ratio of buying or constructing a house has been kept at 80 percent. Which was 70 percent earlier.
Similarly, the unified directive has been amended to provide that commercial banks, national-level development banks and national-level finance companies will not have any limit on deposit collection. Earlier, this provision was introduced only in the case of commercial banks and national level development banks.
Similarly, a provision has been made to provide a loan of Up to Rs 300,000 per person and up to Rs 500,000 in the case of women. Earlier, there was a provision to provide loans up to Rs 150,000 per person.
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