Nabil Bank on Sunday launched the Nabil Sustainable Housing Loan on the eve of World Environment Day. 

Customers will be able to get the credit by adding 1 percent premium rate to the bank’s base rate. 

Those seeking a stable interest rate can get the credit at a fixed rate of 10.49 percent a year for seven years. 

For the period of more than seven years, the interest rate has been fixed at 10.49 percent for the first seven years and after that 1.5 percent will be added to the base rate, the bank said in a statement. 

Under the scheme, customers will get attractive discounts on service charges and are entitled to a free credit card with a limit of Rs200,000 for a year. 

The bank said that customers can repay the instalment in 20 years. These facilities will be available at all branches of the bank. The minimum credit limit is Rs700,000 and the maximum Rs50 million, according to the bank. (PR)