An agreement was signed on Friday, 27th Asar 2082, between Nepal Bank Limited, Bhaktapur Branch, and Khwopa College of Engineering to revise the provisions in the previous contract to provide staff loans. Under this agreement, the bank will extend loans of up to Rs. 1.5 million to the college’s faculty members and staff without any collateral.
Under the newly signed agreement, eligible employees can now access personal loans with a maximum limit of Rs. 1.5 million, comprising a term loan facility of up to Rs. 1 million and an overdraft facility of Rs. 500,000. The loans will carry an interest rate calculated by adding a 3% premium to the bank's annual base rate, subject to periodic revisions as per banking regulations. This collaborative financial solution aims to provide college staff with accessible credit while ensuring disciplined repayment through systematic payroll deductions. The agreement was signed by Er. Sunil Duwal, Principal of Khwopa College of Engineering, and Mr. Sunil Thusa, Branch Manager of Nepal Bank, Bhaktapur. The bank stated that this service aims to support the financial needs of employees.
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