Businessmen Who have Taken a Loan of up to Five Crores can Reschedule the Loan Until the End of December

Kathmandu : Businessmen who have taken a loan of up to five crore rupees can reschedule the loan by the end of January by paying 10 percent interest. Nepal Central Bank issued a notification for financial awareness and said this.

Through notification, the bank can accept loans related to hotels and restaurants, animal husbandry, construction, education, health sector from banks and financial institutions or amount.

It said that those who have taken a loan for business in any other sector up to 50 million rupees can request to the institution from which they took the loan for rescheduling or restructuring of the loan if it is not more than 90 days after the loan amount has been exceeded by the end of March of last year.

For this purpose, the bank said that at least 10 percent of the interest to be paid should be submitted after analyzing the cash flow and income of the business and submitting a loan repayment plan.

In addition, the bank clarified that this special arrangement will be applicable only until the end of 2080.