Banking Khabar / Nepal Rastra Bank has introduced a provision that enables borrowers to request a change in their loan installment amount once a year. According to the new unified guidelines, if there is a change in the interest rate leading to an alteration in the installment amount, borrowers can submit a written request for the adjustment. The bank will then analyze the borrower’s income before approving the change. This new measure allows for the deferment of loan installments up to once a year, providing greater flexibility for borrowers facing financial challenges.
