NRB opens application for refinance loan

Kathmandu: Nepal Rastra Bank (NRB) has invited application for refinancing to the businesses affected by the COVID 19 pandemic.

According to the NRB, Rs 150 billion refinancing facility will be provided to the coronavirus-affected businesses through banks and financial institution (BFIs). The BFIs can issue business loans up to Rs 50 million in a low interest rate which is up to five percent.

The bank informed about this, issuing a notice on Friday.