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April 3 : Laxmi Bank will build 270 low cost residential homes in Biratnagar and Kohalpur. The bank has decided to expand 'low cost residential home loans' scheme on the occasion of its 14th anniversary. The scheme was started in 2013 in collaboration with Sewa Pvt Ltd. Under the scheme, more than 350 houses have been built by the money offered from 'low cost residential home loans' for the families having low income in Tansen and Pokhara.
Sewa Pvt Ltd and Laxmi bank have signed two different agreement papers to start the scheme in Biratnagar and Kohalpur on April 1. According to the bank, it will provide a maximum of Rs 400,000 at 7.5 percent per annum interest rate to low income individuals on the recommendation of Sewa Pvt Ltd. The debtors will be able to make the payments of loan in seven years through equal monthly installments (EMI). “We are confident that this program will help easy access of the home loans for the low income families,” the bank said in a press statement. The bank also believed the scheme to be vital in the expansion of inclusive financial services.
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Sewa Pvt Ltd and Laxmi bank have signed two different agreement papers to start the scheme in Biratnagar and Kohalpur on April 1. According to the bank, it will provide a maximum of Rs 400,000 at 7.5 percent per annum interest rate to low income individuals on the recommendation of Sewa Pvt Ltd. The debtors will be able to make the payments of loan in seven years through equal monthly installments (EMI). “We are confident that this program will help easy access of the home loans for the low income families,” the bank said in a press statement. The bank also believed the scheme to be vital in the expansion of inclusive financial services.</p>
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<br />
Sewa Pvt Ltd and Laxmi bank have signed two different agreement papers to start the scheme in Biratnagar and Kohalpur on April 1. According to the bank, it will provide a maximum of Rs 400,000 at 7.5 percent per annum interest rate to low income individuals on the recommendation of Sewa Pvt Ltd. The debtors will be able to make the payments of loan in seven years through equal monthly installments (EMI). “We are confident that this program will help easy access of the home loans for the low income families,” the bank said in a press statement. The bank also believed the scheme to be vital in the expansion of inclusive financial services.</p>
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<br />
Sewa Pvt Ltd and Laxmi bank have signed two different agreement papers to start the scheme in Biratnagar and Kohalpur on April 1. According to the bank, it will provide a maximum of Rs 400,000 at 7.5 percent per annum interest rate to low income individuals on the recommendation of Sewa Pvt Ltd. The debtors will be able to make the payments of loan in seven years through equal monthly installments (EMI). “We are confident that this program will help easy access of the home loans for the low income families,” the bank said in a press statement. The bank also believed the scheme to be vital in the expansion of inclusive financial services.</p>
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