Citizens Bank International Limited has unveiled a new home loan campaign designed to make home ownership more affordable for Nepali customers amid the current low-interest-rate environment.
Under the newly introduced scheme, customers can secure a housing loan at a fixed interest rate of 6.99% per annum for a period of up to seven years. The offer is targeted at individuals planning to purchase, construct, or invest in residential property while seeking greater certainty over monthly loan repayments.
After completion of the seven-year fixed-rate tenure, the loan will automatically shift to a variable pricing model. At that stage, the applicable rate will be calculated based on the bank’s prevailing average monthly base rate plus an additional premium of 1.5%.
Alongside the fixed-rate package, Citizens Bank is also providing a floating interest rate option. Customers choosing this structure can borrow at the bank’s average monthly base rate plus a premium of only 0.55%, allowing borrowers to benefit if market interest rates remain favorable.
According to the bank, the special home loan scheme will remain available until the end of Ashadh 2083. Interested customers can visit any Citizens Bank branch nationwide to receive eligibility details, repayment information, and loan processing support.
For reference, the bank’s average monthly base rate for Jestha currently stands at 5.28%, making the new offering one of the notable housing finance campaigns currently available in the market.
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