CYC Nepal Laghubitta Bittiya Sanstha is a Pokhara-based NRB Class-D microfinance institution serving low-income and deprived households in hilly and mountainous Nepal.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Member Savings | Normal Savings | — | individual | 7.50% |
Loan rates
| Product | Effective rate | Base | Premium |
|---|---|---|---|
| General Loan | 15.00% (fixed) | — | — |
| Seasonal Loan | 15.00% (fixed) | — | — |
| Housing Loan | 15.00% (fixed) | — | — |
| Microenterprise Loan | 15.00% (fixed) | — | — |
| Renewable Energy Loan | 15.00% (fixed) | — | — |
| Foreign Employment Loan | 15.00% (fixed) | — | — |
| Education Loan | 15.00% (fixed) | — | — |
| CYC Emergency Loan | 15.00% (fixed) | — | — |
| CYC Enterprise Development Loan | 12.50% (fixed) | — | — |
About CYC Nepal
Evolved from the Chartare Youth Club (originally based in Baglung), CYC Nepal was registered on 11 February 2019 as a public Class 'D' financial institution under Nepal Rastra Bank and began microfinance operations on 15 March 2019. It provides collateral and non-collateral micro-loans, member savings products and life micro-insurance to more than 59,000 deprived households, with a prime focus on low-income, asset-less and informally self-employed people. Services are delivered through a center/group-based structure across 77 districts.
Source: cycnlbsl.org.np
Contact
- Head office
- Sabhagriha Chowk, Pokhara
- Phone
- +977-061-590894, +977-061-590895
- [email protected]
- Website
- https://cycnlbsl.org.np
Products & Services
Savings/Deposits
10Loans
9Micro-insurance
1Digital & 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.