Nepal Rastra Bank Revises Digital Lending Guidelines, Raising Loan Limits for Individuals and Businesses
Summary
Nepal Rastra Bank has revised its digital lending guidelines, increasing loan limits and simplifying online borrowing for individuals and SMEs.
Key Points
- Nepal Rastra Bank updates digital lending guidelines to enhance loan access via mobile apps and online portals.
- Individuals with salary or business income accounts can borrow up to Rs 500,000 with up to 3 years repayment.
- Individuals without regular income accounts can borrow up to Rs 200,000 for the same duration.
- Small and medium enterprises can access loans up to Rs 1,000,000 depending on term and bank policies.
