EBL offers special scheme

Himalayan News Service

Lalitpur, January 15:

Everest Bank Ltd (EBL) is taking part in the three day long event organised to mark the 7th Earthquake Safety Day, with a view to encourage people to consider earthquake safety measures while constructing houses. The event is jointly organised by the department of urban development and building construction, Lalitpur sub-metropolitan city and National Society for Earthquake Technology with a theme “Compliance to Building Code is the road to Earthquake Safety.”

EBL, one of the pioneer banks to offer home loans, has also introduced a special scheme at the event. The bank is offering 50 per cent reduction in the processing charge and 0.5 per cent reduction in interest rate for its prospective borrowers. People who visit the EBL stall and fill the form title ESD 2005 and apply within January 30 will be eligible for the benefit EBL is offering. “The maximum amount of loan EBL offers is four million rupees which depends upon the project cost and repaying capacity of the borrower,” said Arati Rana, officer at Everest Bank Ltd.

The interest rate is 8.5 per cent for the tenure upto five years and nine per cent for five to eight years and 9.5 per cent for the duration of eight to fifteen years, she informed. The bank, under the Everest Bank Ltd home loan, also offers loans for repairs, renovation, alteration or addition and the maximum amount of loan offered under this segment is one million rupees.