Last Updated on June 4, 2020
Nepal Bank Limited is the oldest commercial bank in Nepal, established on 15 November 1937 A.D. (Kartik 30, 1994). When the Nepalese government was founded, it had full ownership. But now the bank has gone to the public offering, so 51% of the share is owned by the government of Nepal and 49% by the general public. In this post, I will provide the latest Nepal bank interest rates on both deposits and loan products.
Historically, NBL did not face a liquidity crisis because it was financed by the government. When the bank has a low liquidity reserve, it provides higher interest rates on the deposit products to increase the savings, in contrast, the bank has sufficient liquidity then it provides low-interest rates, it is the business policy of every commercial bank in the world.
In the context of Nepal’s bank interest rate, it has a history of not much fluctuation and constant interest rates until the end of that financial year. Compared with other major commercial banks in Nepal, NBL provides competitive interest rates on its deposit products although liquidity is not an issue.
Not only the bank provides higher interest on deposits it also offers a lower interest rate on loans which start from 5 to 8 percent per year.
Nepal bank interest rates on deposit products;
The following table shows you the interest rates of Nepal bank limited on deposit products effective from May 14, 2020 (1 Jestha 2077).
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Effective Date: Jestha 1, 2077 (May 14, 2020)
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Deposits Annual Interest Rate
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S.No.
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Deposit Type
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Rate Per Annum %
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Minimum Balance (NPR)
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| Saving Deposit | ||||
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1.
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Normal Saving
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3.00%
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500.00
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2.
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NBL Diamond Saving
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4.00%
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500.00
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3.
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Women Special Saving
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4.00%
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500.00
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4.
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Yuva Bachat Khata
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4.00%
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0.00
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5.
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Santati Saving Account
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4.00%
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0.00
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6.
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NBL Staff Pension Saving
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4.00%
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0.00
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7.
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Remittance Saving Account
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4.00%
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0.00
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8.
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Investor’s Saving Account
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4.00%
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0.00
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9.
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Senior Citizens Special Saving
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4.00%
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500.00
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10.
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Professional’s Saving
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4.00%
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500.00
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11.
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Social Security Saving Account
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4.00%
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0.00
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12.
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Pension Payment Saving Account
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5.00%
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0.00
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13.
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NBL Special Saving
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5.00%
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50000.00
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14.
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Earthquake Relief Fund Account
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5.00%
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0.00
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15.
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TU Pension Saving
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5.00%
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0.00
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16.
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NBL Staff Salary Saving
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5.00%
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0.00
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17.
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Salary Saving Account
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5.00%
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0.00
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18.
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Nari Samman Bachat Khata
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5.00%
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10000.00
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19.
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Sambandha Bachat Khata
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5.00%
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0.00
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20.
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Nagarik Batchat Khata
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5.00%
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10000.00
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21.
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Samriddha Nepal Abhiyan Bachat Khata
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5.00%
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0.00
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22.
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Green Saving Deposit
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5.00%
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25000.00
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23.
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Chhori Beti Kalyan Bachat Khata
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5.00%
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5000.00
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24.
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Chhori Surakshya Bachat (Karnali)
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5.00%
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0.00
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FCY Saving Deposit |
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1.
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USD
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2.00%
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USD 100.00
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2.
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EURO
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0.00%
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EURO 100.00
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3.
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GBP
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0.40%
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GBP 100.00 |
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Nepal bank interest rate for fixed deposit |
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1.
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3 Month (Individual)
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8.25%
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25000.00
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2.
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3 Month (Institutional)
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7.00%
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25000.00
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3 Month (Institutional) For Renewal Only
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7.10%
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25000.00
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3.
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6 Month (Individual)
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8.25%
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25000.00
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4.
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6 Month (Institutional)
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7.00%
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25000.00
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6 Month (Institutional) For Renewal Only
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7.10%
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25000.00
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5.
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1 Year Fixed Deposit (Individual)
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8.25%
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25000.00
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6.
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1 Year Fixed Deposit (Institutional)
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7.00%
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25000.00
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1 Year Fixed Deposit (Institutional) For Renewal Only
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7.10%
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25000.00
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7.
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Above 1 year upto 2 years (Individual)
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8.25%
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25000.00
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8.
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Above 1 year upto 2 years (Institutional)
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7.00%
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25000.00
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Above 1 year upto 2 years (Institutional) For Renewal Only
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7.10%
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25000.00
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9.
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Above 2 years upto 5 years (Individual)
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8.00%
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25000.00
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10.
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Above 2 years upto 5 years (Institutional)
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6.50%
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25000.00
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11.
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Above 2 years upto 5 years (Institutional) For Renewal Only
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6.60%
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25000.00
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| FCY Fixed Deposit | ||||
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1.
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USD
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Negotiable
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USD 500.00
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| Employee Welfare Account | ||||
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1.
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Employee Welfare Account
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5.00%
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Akchaya Kosh
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1.
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Akchaya Kosh
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7.00%
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NBL Trust Fund
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1.
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NBL Trust Fund
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8.00%
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| Call Deposits | ||||
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1.
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Normal Call Deposits
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2.00%
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100000.00
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| FCY Call Deposits | ||||
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1.
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USD
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0.75%
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USD 100.00
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Nepal bank interest rates on loan products;
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Lending Rate on Loan Types
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S.No.
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Loan Type
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Rate Per Annum %
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1.
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Gold and Silver Loan
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BR+4.16
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Export Finance
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2.
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Export Finance in Domestic Currency
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BR+0.10 to BR+0.21
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3.
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Post Shipment & Pre-Shipment (in USD)
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One Year LIBOR Rate + 1.25%
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4.
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Trust Receipt
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4.1
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Trust Receipt (NPR)
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BR+1.19 to BR+1.80
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4.2
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Trust Receipt (USD)
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Six Month LIBOR Rate + 1.25%
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5.
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Term Loan
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5.1.
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Industrial/Commercial
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BR+2.55 to BR+3.16
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5.2.
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Real Estate – Housing Plan
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BR+3.19 to BR+3.80
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5.3.
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Real Estate – Commercial Complex
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BR+2.19 to BR+2.80
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6.
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Working Capital
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6.1.
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Hypothecation
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BR+3.05 to BR+3.66
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6.2.
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Overdraft
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BR+3.05 to BR+3.66
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6.3.
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Pledge loan
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BR+3.05 to BR+3.66
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6.4.
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Demand
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BR+3.05 to BR+3.66
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6.5.
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Mortgage Loan
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6.5.1.
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Mortgage Working Capital Loan
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BR+4.05 to BR+4.66
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6.5.2.
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Mortgage Term Loan
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BR+4.05 to BR+4.66
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6.6.
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Sajilo Byabasaya Karja
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BR+3.19
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6.7.
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Sambriddha Byabasaya Karja
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BR+2.01 to BR+3.66
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7.
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Deprived Sector Loan
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7.1.
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Individual
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BR+1.55 to BR+2.16
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7.2.
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Institutional (Wholesale) – Revolving
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BR+0.19 to BR+1.30
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7.3.
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Institutional (Wholesale) – Term loan
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BR+0.19 to BR+1.30
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7.4.
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Institutional (Retail) – Revolving
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BR+1.19 to BR+1.80
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7.5.
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Institutional (Retail) -Term Loan
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BR+1.19 to BR+1.80
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8.
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Agriculture Loan
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BR+2.00
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9.
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Other Loan
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9.1.
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Loan against first class bank guarantee
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BR+1.55 to BR+2.16
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9.2.
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Loan against FD receipt
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Coupon Rate + 2.00
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9.3.
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Hire Purchase loan
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BR+3.55 to BR+4.16
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9.4.
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Loan against Govt. Securities
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Coupon Rate + 2.00 or 1 year Fixed Deposit rate, whichever is higher
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9.5.
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Sahuliyatpurna Karja
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BR+2.00
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10.
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Interest on Consumer Loans
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10.1
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Auto Loan
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10.1.1.
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Private vehicle 5 years term
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BR+2.55 to BR+3.16
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10.1.2.
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Private vehicle 7 years term
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BR+3.55 to BR+4.16
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10.1.3.
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Private vehicle business use 5 years term
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BR+3.55 to BR+4.16
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10.1.4.
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Commercial vehicle 3-5 years term
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BR+3.55 to BR+4.16
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10.1.5.
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Nepalaxmi Auto Loan
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BR+1.55 to BR+2.16
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10.1.6.
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NBL Professional Auto Loan
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BR+1.55 to BR+2.16
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10.1.7.
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Electrical Vehicle
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BR+2.01 to BR+4.16
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10.2.
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Home Loan
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10.2.1.
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5 years term
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BR+1.55 to BR+2.16
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10.2.2.
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10 years term
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BR+2.19 to BR+2.80
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10.2.3.
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15 years and above term
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BR+3.05 to BR+3.66
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10.2.4.
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NBL Professional Home Loan
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BR+1.55 to BR+2.16
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10.2.5.
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Nepalaxmi Home Loan
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BR+1.55 to BR+2.16
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10.3.
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Shulav Aawas Karja
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10.3.1.
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5 years term
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BR+1.00
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10.3.2.
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10 years term
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BR+1.25
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10.3.3.
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15 years term
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BR+1.50
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10.3.4.
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20 years term
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BR+2.00
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10.4.
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Personal Term Loan
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10.4.1.
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5 years term
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BR+2.55 to BR+3.66
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10.4.2.
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10 years term
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BR+3.05 to BR+4.16
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10.4.3.
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15 years and above term
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BR+3.55 to BR+4.33
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10.5.
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Personal Overdraft
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10.5.1.
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POD – Professional
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BR+3.55 to BR+4.16
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10.5.2.
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POD – Others
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BR+4.05 to BR+4.66
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10.6
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NBL Professional Loan
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10.6.1.
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Overdraft
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BR+3.19 to BR+4.16
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10.6.2.
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Term Loan
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BR+1.69 to BR+2.66
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10.7.
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Education Loan
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10.7.1.
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5 years term
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BR+1.05 to BR+1.66
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10.7.2.
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10 years term
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BR+1.55 to BR+2.16
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10.8.
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Margin Lending
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10.8.1.
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Up to 10 Million
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BR+4.05 to BR+5.02
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10.8.2.
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10 Million above up to 50 Million
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BR+3.55 to BR+4.52
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10.8.3.
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50 Million above up to 100 Million
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BR+3.05 to BR+4.02
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10.8.4.
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100 Million above
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BR+2.05 to BR+3.02
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10.9.
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NBL Flexi Loan
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10.9.1.
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Flexi Term Loan
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BR+3.05 to BR+3.66
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10.9.2.
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Flexi Overdraft
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BR+3.05 to BR+4.16
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10.10
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Sewagrahi Karja
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Conclusion: Nepal Bank Limited is one of the leading banks in Nepal offering 60 products, including deposits and loans. On the other hand, this bank is also the country’s largest public savings bank. Nepal bank interest rates are very attractive when compared with other tops 10 commercial banks of Nepal.
