NIC Asia Bank has unveiled a new lending product named ‘NIC Asia ATHOT Loan Against Share’, which provides funding against shares with an appealing interest rate of 8.17%. This rate is determined by adding a 1% margin to the base rate. The initiative aims to assist investors in the capital market by offering accessible financing secured by shares listed on the Nepal Stock Exchange, including those from banks, financial institutions, and insurance firms.
Through this service, clients can acquire loans up to 70% based on the lesser of the average market value over 180 days or the latest transaction price of their collateral shares. The loan amounts vary from a minimum of Rs. 50 lakh to a maximum of Rs. 15 crore. This offering seeks to cater to the changing financial requirements of share investors with a swift and efficient approval system.
NIC Asia Bank pledges to approve the loan within three business days after all necessary documents are submitted. To facilitate services further, the bank has established a specialized Loan Support Center to provide professional guidance, manage customer queries, and swiftly address complaints through a streamlined, single-point approach.
