Himalayan bank has brought new housing and auto loan schemes. Bank has said that the new scheme will make customers free from the fluctuations of interest rate. 


For those who take housing loans will have same interest rate for the first three years. After three years the bank will fix the interest rate according to the market rate. Likewise, in the case of auto loans there will be fixed rate for first two years.


In housing loans 10.90 percent interest will be charged for first three years and 11.25 percent rate will be charged in auto loans for the first two years.


Customers will be able to take from NRs. 5 lakhs to 10 million for home loans and from NRs. 2 lakhs to 2.5 million for auto loans. Himalayan bank will even give 25 percent discount in service charge for these schemes. Home loans will provided for 20 years and for auto loans it will be for up to 8 years.