KATHMANDU, Sept 16: Siddhartha Development Bank Ltd (SDBL) has launched a new loan scheme to finance taxi purchase.
The scheme announced on Wednesday has 10 percent interest rate and loan repayment period of seven years.
Issuing a press release, the bank said that it will finance up to 80 percent of the cost of taxi. The bank has also said that taxi loans will be processed in just three days.
The new loan product is available at all branches of SDBL, according to the release.