Kathmandu. Everest Bank will provide home and auto loans at 6.52 percent. The bank has launched the ‘Double Ki One Dream Housing and Vehicle Loan’ scheme and is going to provide both loans at simple and cheap interest rates.

Unveiling the festival-targeted scheme, the bank has provided attractive discounts on fast loan process and simple paperwork, flexible loan tenure of up to 35 years, simple monthly installments, service charges.

The bank will provide vehicle and home loans at 6.52 per cent by adding 1.25 per cent premium to the base rate at the changed interest rate. At present, the bank’s base rate is 5.27 percent.

The bank has also provided 0.25 percent discount on service charges for these loans. According to the provisions of Nepal Rastra Bank, commercial banks can charge up to 0.75 percent service charge. Customers will have to pay only 0.50 percent service charge on vehicle loans and home loans under the special scheme of the bank.

Similarly, the bank offers home loans at a fixed interest rate of 7.49 per cent for a period of seven years under the ‘Double Key One Dream Housing and Vehicle Loan’ scheme. According to the bank, this loan will be provided for 35 years after evaluating the interest rate again.