Top Low Interest Rate HOME LOANS of October 2021

A home loan is a sum of money borrowed from a bank or a money lender at a fixed rate of interest to be repaid monthly through an EMI. For the Home Loan, the money lending firm takes the property as security. The owner of the property (the borrower) gives the title to the lender with the agreement that the title would be returned to the borrower once the final loan payment is made. 

There are many banks, financial institutions, and money lending firms that offer customers the lowest interest rates on a home loan. The loan with the lowest personal loan rate and terms that are most appropriate for your financial situation is usually the best one for you. 

Here are the top low-interest home loans of October 2021 that are offered by the banks in Nepal.  The average interest rate of all the banks is taken and calculated.  

1. Rastriya Banijya Bank

If you are willing to get a Home Loan this October, Rastriya Banijya Bank might be the right choice for you as it offers home loans at the lowest interest rate i.e. 3% in comparison to any other banking institution.

2. Nepal Bank Limited

Nepal Bank Limited offers home loans at 3.66%. It offers home loans in different terms i.e. home loans for 5 years term, 10 years term, 15 years, and above term, NBL Professional Home Loan and Nepalaxmi Home Loan respectively.

3. Standard Chartered Bank Nepal

• Civil Bank Limited

In comparison with the other banks, Standard Chartered Bank Nepal and Civil bank are limited to providing the Home Loan at a 4% interest rate.

4. Agriculture Development Bank 

• NMB Bank Ltd
• Nepal Investment Bank
• Nepal SBI Bank Ltd
• Nepal Bangladesh Bank Ltd
• Everest Bank Ltd
• Laxmi Bank Ltd
• Citizens Bank International Ltd
• Century Commercial Bank Ltd
• Siddhartha Bank Ltd
• Prabhu Bank Ltd
• Mega Bank Nepal Ltd

The above-mentioned banks provide the Home Loan at the interest rate i.e. 5%. Most of them offer home loans in different categories.

5. Sunrise Bank 

• NIC Asia Bank
• Global IME Bank

Sunrise Bank, NIC Asia Bank, and Global IME Bank provide the Home Loan at a 6% interest rate. Likewise, NIC ASIA provides loans against mortgages property in different categories i.e. NIC ASIA Home Loan OD, NIC ASIA Home Equity Loan, NIC ASIA Residential Home Loan, and NIC ASIA Easy Home Equity Loan. 

6. Kumari Bank Ltd

Kumari Bank Ltd offers home loans at a 6.50% interest rate as compared to other banking and financial institutions.

7. Prime Commercial Bank Ltd 

Prime Commercial bank offers home loans at a 6.99% interest rate as compared to other banking and financial institutions. 

8. Nabil Bank

• Sanima Bank
• Machhapuchhre Bank
• NCC Bank

Similarly, Kumari bank, Nabil bank, Sanima bank, Machapuchhre bank, and NCC Bank offer home loans at 7% interest rate. 

9. Bank of Kathmandu

Likewise, the Bank of Kathmandu offers home loans at a 10.49% interest rate. 

You can learn more about Home Loans in Nepal by clicking here.

 

Last updated on: October 20, 2021