Nepal Central bank introduces digital loan system from Banks

Nepal Central bank

Nepal Central bank: With the implementation of a guideline linked to digital loans, clients can now get loans from banks and financial institutions in a digital format.

The guideline was released during a gathering held here on Friday by the Nepal Rastra Bank.

Clients with salary, professional, and business saving bank accounts can now take out digital loans of up to Rs 500,000. The loan can be paid back in three years in one large sum or in installments.

Banks and financial institutions must develop distinct websites for the loan process, such as processing applications, in order to accomplish this. The loan application will be approved online. Nepal Central bank