Sunrise launches ‘special’ scheme on loan against share collateral

sunrise-bank-logo Sunrise Bank Ltd has brought a special scheme ‘Share Bank Ma, Paisa Saath Ma’ whereby investors can get loan from the bank against their shares as collateral.
Under this special scheme, the investors can put their shares in the bank as the collateral to obtain loans which carries 9 percent annual interest rate.
The bank has said that the ‘Sunrise Share Loan’ scheme which came into effect from August 1 will last till mid-November.
According to the bank, it will extend such loans against the collateral of ordinary shares of those listed companies which are categorized as ‘A’ class by Nepal Stock Exchange.

source: sharesansar


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Sunrise Fat Savings

sunrise_logo Sunrise Bank has introduced a new savings account named Sunrise Fat Savings Account.

It offers 10.50 percent interest on an annual basis, said a press statement issued by the bank.

Customers will also get free online banking, cheque book, SMS banking, ATM card, ABBS and account statement facilities under this scheme.

The bank has 35 branches and 34 ATM counters across the country.