KATHMANDU: Siddhartha Development Bank has introduced SDBL Auto Loan. In a statement, the new loan scheme charges an interest rate of 11.99 percent. Moreover, the bank is offering a 50 percent discount on service charge and will sanction up to 80 percent loan against the value of vehicle being purchased. The bank has said the interest rate won’t change for a year and the repayment time will be up to seven years. The new scheme will be valid for three months. (PR)
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