Civil Bank Limited has introduced two new deposit schemes offering the highest interest rates, Super Premium Savings Account and Khutruke Account (Recurring Deposit).

 As per the press release issued by the bank, with a minimum balance of Rs. 25,000, the super-premium saving account will provide a 6.01% highest offering scheme. It will also provide a free medical insurance facility of up to Rs. 200,000 for critical illness coverage like cancer, migraine stroke, first heart attack, pulmonary hypertension, heart valve surgery, and coronary artery diseases. They have partnered with Metlife Insurance, as an insurance partner.

The bank will also provide free mobile banking, internet banking, ATM card, SMS banking services.

Similarly, customers who want to save in their Khutruke account (recurring deposit), can save a minimum of Rs 500 per month for a period of 2 to 10 years without paying any penalty, customers will also get a principal payment and interest after the stipulated time limit, plus 1% additional interest on the account opening than on a super-premium savings account.

In addition, the bank has been offering the highest interest rate of 8.71 percent on personal term deposits in this existing Coronavirus transition.

Civil Bank Ltd has been offering the highest interest rate of 8.71 percent on personal term deposits.

Customers will benefit from attractive interest rates than offered by other financial institutions on deposits," said Bhola Bista, bank's chief deposit, and transaction banking. By mid-July, Rs. 28.79 crore (47.88%), the bank’s growth rate has managed to increase by 29.76 percent (55.28%), which is the highest as compared to other commercial banks.

Similarly, the bank has managed to limit the non-performing loan ratio to 1.13% this fiscal year. The ratio was 2.38% in mid-July last year.

Civil Bank Limited stated that it will continue to provide more attractive service plans to its customers in the coming days. 

Providing services to 5 lakhs customers from 114 branches, Civil Bank now has a total of 7 extension counters in operation 4 of which are there to collect the Nepal government’s taxes and revenues. Also, 89 ATMs are in operation under the bank. Till now the bank has more than Rs 81 Billion operational deposits and has loaned out more than Rs. 74 Billion.

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One of the most essential aspects of today's busy life is owning a vehicle. Urban living without cars is difficult to imagine. It may be hard for most of us to have our own car, but it is not impossible. Civil Bank Ltd. has launched AUTO LOAN SCHEME for all required individuals to turn this difficulty into a possibility.

 


 

Now it's easy to own a new car or a pre-owned car which you have always dreamt of. Civil Bank offers Auto Loan that would change your dreams to reality.

Civil Bank Auto Loan is an exclusive financing option to "move in style" by a vehicle of your own choice. It aims to support you as a valued customer to purchase any type of four-wheeler with a convenient Equated Monthly Installment (EMI) payment option.

Private Vehicle Financing

Like other products, this is an easy financing scheme for the purchase of a new vehicle as well as a second-hand vehicle not older than 5 years from the date of manufacture of the vehicle. The financing scheme launched by the Civil Bank is very easy and faster.

Civil Bank Auto Loan assists an individual in fulfilling their desire to own a dream vehicle by financing up to maximum of 50% of the vehicle.

• Maximum Loan Tenure of 10 years.
• Maximum Loan Amount of NPR 20,000,000 per vehicle.
• Interest Rate - Competitive rate and charges (Up to 3%). 
   

 

Used Vehicles
Financing up to 50% available for Used Vehicles (Private Vehicle) up to 5 years. However, the age of used vehicles should not be more than 10 years old from the date of manufacture at the time of loan maturity. 

Business/Commercial Vehicle Financing

• Financing up to 80% of the Business/Commercial Vehicle.
• Maximum Loan Tenure of 7 years for Business Vehicles and 5 Years for Black plated commercial Vehicles.
• Interest Rate - Competitive rate and charges (Up to 5%).

Used Vehicles

Financing up to 70% available for Business Used Vehicles up to 4 years and financing up to 50% available for Used Commercial Vehicles. However, the age of used vehicles should not be more than 7 years old from the date of manufacture at the time of loan maturity. 

 

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Sunil Kumar Pokharel has assumed  Chief Executive Officer (CEO) of Civil Bank. He has been the CEO of the financial institution for the subsequent 4 years from Friday.

 

He was appointed CEO on the 345th assembly of the financial institution’s board of administrators held on June 10. He is serving because the Chief Executive Officer of Camu since third April 2008 and because the Deputy Chief Executive Officer of Civil Bank for the final two years.

He has more than three decades plus work experience at different leading national and international financial institutions to his credit, as per the media release.

He mentioned that by growing the work effectivity of the staff by means of digitization, they might be main the best way as a paperless financial institution at the moment. He additionally talked about that the financial institution will enhance the enterprise quantity by bringing in varied progressive customer-friendly schemes. He has additionally knowledgeable the shareholders to provide correct returns.

Ichha Raj Tamang, Chairman, Civil Bank mentioned that he’s assured that the expertise of newly appointed Chief Executive Officer Sunil Kumar Pokharel within the final three many years at residence and overseas will take Civil Bank to new heights. He additionally knows that the financial institution has made good progress within the dimension of the enterprise within the present monetary yr and is assured of continued progress within the days to return.

Civil Bank has managed to increase deposits of Rs 88.94 billion and credit score of Rs 83.60 billion until mid-June of the current FY.

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