KATHMANDU, July 21: Sunrise Bank Limited has announced a new loan product named Sunrise Safe Home Loan which also covers borrower's life insurance policy.
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Issuing a press release on Tuesday, the bank said the loan repayment period of this product is 10 to 20 years and that loan amount starts from Rs 500,000 to a maximum of Rs 10 million.
The bank has set interest on the loan at 10.5 percent but said that it will fluctuate depending on the market. The bank has partnered with PrimeLife Insurance Company for the insurance policy.
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