Kathmandu - Nepal Rastra Bank has published customer awareness information regarding interest rates applied by banks and financial institutions on loans. The central bank stated that loan interest rates may be fixed or variable, and variable rates can change based on the institution’s base rate.
According to the notice, banks and financial institutions are required to clearly disclose the applicable base rate, premium rate, and any interest rate changes to borrowers. Nepal Rastra Bank has also advised customers to review loan proposal documents carefully and remain informed about interest rate terms before borrowing.
Published by Nepal Rastra Bank on 2083-2-12
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