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Monetary Policy Review: Home Loan Limit Raised from Rs 2 Crore to Rs 3 Crore

Artha Sarokar

Kathmandu. Nepal Rastra Bank (NR B) has released its annual review of the monetary policy for the current fiscal year. The Monetary Policy Review ( of the Bank of Nepal has been released on Tuesday afternoon.

Through the annual review of the monetary policy, the bank has increased the limit of home loans .Rastra Bank has increased the limit of loan for the construction and purchase of private residential houses from Rs 20 million to Rs 30 million. 

Similarly,Rastra Bank has also increased the customer limit for share mortgage loan from Rs 15 crore to Rs 25 crore.

Through the review of the monetary policy the bank has also increased the loan limit of personal overdraft (personaloverdraft) to Rs 10 million. Earlier, the limit for such loans was Rs 50 lakh. 

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