Central Finance Ltd
Kandevsthan, Kupondole Road, Lalitpur, Nepal ·
Central Finance Limited is a Nepal Rastra Bank-licensed Class 'C' national-level finance company headquartered in Kupondole, Lalitpur, offering deposit, loan and digital banking services.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Fixed Deposit | Fixed | 2yr+ | individual | 4.50% |
| Fixed Deposit | Fixed | 1yr–23mo | individual | 4.25% |
| Fixed Deposit | Fixed | 2yr+ | institutional | 3.50% |
| Fixed Deposit | Fixed | 6mo–9mo | individual | 3.50% |
| Fixed Deposit | Fixed | 3mo–3mo | individual | 3.25% |
| Fixed Deposit | Fixed | 1yr–23mo | institutional | 3.25% |
| Normal Savings | Normal Savings | — | individual | 3.00% |
| Fixed Deposit | Fixed | 6mo–9mo | institutional | 2.75% |
Loan rates
| Product | Effective rate | Base | Premium |
|---|---|---|---|
| Personal Loan | — | 6.72% | — |
| Residential / Personal Home Loan | — | 6.72% | — |
| Vehicle / Hire Purchase Loan | — | 6.72% | — |
| Agricultural Loan | — | 6.72% | — |
| Educational Loan | — | 6.72% | — |
| Working Capital Loan | — | 6.72% | — |
| Overdraft Business Loan | — | 6.72% | — |
| Real Estate / Mortgage Loan | — | 6.72% | — |
| Margin Nature Loan | — | 6.72% | — |
| Deprived Sector Loan | — | 6.72% | — |
| FD Receipt Loan (FDR Loan) | 8.72%–— | 6.72% | +2.00%–— |
| Term Loan | 12.00% (fixed) | 6.72% | — |
About Central
Central Finance Limited (CFL) was incorporated as a public limited company on 14 April 1996 under the Finance Company Act 2042 and Company Act 2053, and commenced operations on 14 April 1997 after receiving its operating license from Nepal Rastra Bank. In 2017 it merged with Bhaktapur Finance Limited to expand its operations and service capacity. As of 2024 the institution had completed 27 years of operation and operates a network of 19 branches plus an extension counter and 6 ATMs across Nepal. Its paid-up capital stands at NPR 94.89 crore, with promoter ownership of 51.24% and public holding of 48.76%.
Source: centralfinance.com.np
Contact
- Head office
- Kandevsthan, Kupondole Road, Lalitpur, Nepal
- Phone
- 01-5970005
- [email protected]
Products & Services
Deposits
16Simple Savings
A basic savings account for any individual to save and transact money.
- Minimum balance NPR 100
- Free ATM/debit card
- Free mobile banking
- Free cheque book
- Statement service
- Eligibility: any individual
Normal Savings
A general savings account open to individuals of every age group.
- Minimum balance NPR 100
- Free ATM/debit card
- Free mobile banking
- Free cheque book
- Eligibility: all age groups
Mahila Bachat (Women's Savings)
A savings account designed for women.
- Minimum balance NPR 100
- ATM card, mobile banking, cheque book
- Statement service
- Eligibility: women aged 18+
Senior Citizen Bachat
A savings account for senior citizens.
- Minimum balance NPR 100
- ATM card, mobile banking, cheque book
- Statement service
- Eligibility: citizens aged 60+
Bal Bachat (Children's Savings)
A savings account for minors, operated by a parent or guardian.
- Minimum balance NPR 100
- ATM card, mobile banking, cheque book
- Eligibility: minors below 18
- Operated by parent/guardian
Investor Savings
A savings account for company investors.
- Minimum balance NPR 100
- ATM card, mobile banking, cheque book
- Eligibility: company investors
Shareholder Savings
A savings account exclusively for CFL shareholders.
- Minimum balance NPR 100
- ATM card, mobile banking, cheque book
- Eligibility: CFL shareholders only
Employee Saving
A savings account for salaried staff.
- Minimum balance NPR 100
- ATM card, mobile banking, cheque book
- Eligibility: salaried employees
Provident Fund Saving
A savings account for organizations' provident funds.
- Eligibility: organizations
Social Welfare Saving
A savings account for social security fund collectors.
- Cheque book facility
- Eligibility: social security fund collectors
Special Saving
A savings account with a higher minimum balance.
- Minimum balance NPR 1,000
- ATM card, mobile banking, cheque book
- Statement service
Central Smart Savings
A premium savings account tied to digital banking.
- Minimum balance NPR 10,000
- ATM card, mobile banking, cheque book
- Statement service
Corporate Savings
A savings account for large companies, public institutions and agencies.
- Minimum balance NPR 5,000
- Mobile banking and cheque book
- Statement service
- Eligibility: companies/institutions
Individual Fixed Deposit
A lump-sum fixed deposit for individuals at a fixed rate and term.
- Tenure 3 months to 2+ years
- 3 months: 3.25% p.a.
- 6-9 months: 3.50% p.a.
- 1-2 years: 4.25% p.a.
- 2+ years: 4.50% p.a.
- Eligibility: any individual
Institutional Fixed Deposit
A fixed deposit for firms, institutions and companies.
- Tenure 6 months to 2 years
- 6-9 months: 2.75% p.a.
- 1 year: 3.25% p.a.
- 2 years: 3.50% p.a.
- Eligibility: businesses/organizations
Remittance Fixed Deposit
A fixed deposit for Nepali citizens working abroad with a rate premium.
- 1.00% extra over standard FD rates
- Eligibility: Nepalis working abroad
Loans
14Personal Loan
A multipurpose loan for short-term needs and long-term capital investment.
- Interest: Base Rate + up to 5.00%
- Eligibility: Nepali citizen, 18+
- Salaried or self-employed with stable income
- Requires collateral with tax receipts
Home Loan
A loan to buy, build, renovate or extend residential property.
- Interest: Base Rate + up to 5.00%
- Covers land/building/apartment purchase
- Covers construction, renovation, extension
- Eligibility: Nepali citizen, 18+, stable income
Vehicle / Hire Purchase Loan
A loan to finance purchase of new or used vehicles.
- Interest: Base Rate + up to 5.00%
- For new or used vehicles
- Eligibility: Nepali citizen, 18+, stable income
- Requires collateral documentation
Educational Loan
A loan to help students continue their education.
- Interest: Base Rate + up to 5.00%
- Eligibility: Nepali students
- Requires collateral with certificates
Agricultural Loan
A loan to support and commercialize agricultural activity.
- Interest: Base Rate + up to 5.00%
- Subsidy possible for qualified borrowers
- Eligibility: Nepali citizen, 18+
- Requires cultivated agricultural land
FDR Loan
An overdraft loan secured against the customer's fixed deposit.
- Interest: Base Rate + up to 5.00%
- Secured by fixed deposit receipt
- Overdraft facility
- Eligibility: Nepali citizen, 18+, stable income
Term Loan
A term lending facility offered by CFL.
Working Capital Loan
A loan to fund business working capital needs.
Overdraft Business Loan
An overdraft facility for business clients.
Real Estate / Mortgage Loan
A loan against real estate / mortgage.
Margin Nature Loan
A margin-type lending facility (e.g. against securities).
Deprived Sector Loan
A loan under Nepal Rastra Bank's deprived-sector lending requirement.
Tourism Sector Loan
A loan for tourism-sector businesses.
Earthquake Relief Loan
A loan facility for earthquake-affected borrowers.
Cards
1SCT Debit Card
A debit card on the SCT network for ATM and POS use in Nepal and India.
- Usable on SCT network ATMs across Nepal
- Cash withdrawal, balance inquiry, POS
- Works in Nepal and India
- ATM: NPR 25,000 max per transaction
- ATM daily limit NPR 100,000 (4 txns)
- ATM monthly limit NPR 400,000
- POS daily limit NPR 100,000
Digital & e-services
5Central Smart Mobile Banking
CFL's mobile banking app for transfers, payments and account management.
- Fund transfer and bill payment
- QR payments and ConnectIPS
- Mobile wallet/topup loading
- Balance, statements and SMS alerts
- Biometric (fingerprint/face) login
- Transfer up to NPR 300,000 per transaction
- Android and iOS apps
QR Teller
A paperless QR-based cash withdrawal at the counter without cheque or card.
- Scan QR via Central Smart app to withdraw cash
- No cheque or debit card needed
- Available at all CFL branches
- Works for current and savings accounts
- Integrated with Nepal Pay
CFL Corporate Pay
A dual-control digital payment platform for corporate and business clients.
- Dual-control secured payments
- Vendor and utility payments without branch visit
- Multiple accounts from single login
- Customizable per organization
CFL RTGS
Real-time gross settlement service for large-value fund transfers.
Electronic Cheque Clearing
Electronic cheque clearing service for faster cheque settlement.
Remittance
1Remittance Service
Domestic and international money transfer through partner remittance companies.
- Partners: IME, Prabhu Remit, Western Union
- Partners: City Express, Himal Remit, Remit2
- Domestic and international transfers
- Receive funds at CFL branches
Digital & e-services
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.