Multipurpose Finance Co. Ltd
Rajbiraj, Saptari (registered head office); Corporate Office: Vidyapati Chowk, Janakpurdham-4, Dhanusha, Madhesh Province, Nepal ·
A province-level Class-C finance company licensed by Nepal Rastra Bank, serving Madhesh Province with deposit, loan and digital banking services.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Fixed Deposit | Fixed | 2yr+ | individual | 5.25% |
| Fixed Deposit | Fixed | 1yr–1yr | individual | 5.00% |
| Fixed Deposit | Fixed | 9mo–9mo | individual | 4.75% |
| Fixed Deposit | Fixed | 6mo–6mo | individual | 4.50% |
| Fixed Deposit | Fixed | 3mo–3mo | individual | 4.25% |
| Normal Savings | Normal Savings | — | individual | 3.25% |
About Multipurpose
Established in 2054 B.S. (1997 A.D.), Multipurpose Finance Limited (MPFL) is a province-level Class-C financial institution licensed by Nepal Rastra Bank, with its registered head office at Rajbiraj, Saptari and a corporate office at Janakpurdham, Dhanusha. It operates around eight branches across Madhesh Province. The company emphasizes nurturing customer relationships and integrates digital banking across most operations, offering services accessible via SMS banking and its MPFL Smart App. It is listed on the Nepal Stock Exchange under the symbol MPFL.
Source: multipurposefinance.com
Contact
- Head office
- Rajbiraj, Saptari (registered head office); Corporate Office: Vidyapati Chowk, Janakpurdham-4, Dhanusha, Madhesh Province, Nepal
- Phone
- +977-041-591170/71
- [email protected]
Products & Services
Deposits
6General Saving Account
A basic savings account with a low minimum balance and digital banking access.
- Interest rate up to 3.25%
- Minimum balance Rs 200
- Mobile banking service
- ECC electronic cheque clearing facility
- IPS & Connect IPS facility
Super Saving
A higher-balance savings account offering a premium interest rate.
- Interest rate up to 4.25%
- Minimum balance Rs 25,000
- Mobile banking service
- ECC electronic cheque clearing facility
- IPS & Connect IPS facility
Narikalyan Saving
A savings account aimed at women with a low minimum balance.
- Interest rate up to 3.75%
- Minimum balance Rs 500
- Mobile banking service
- ECC electronic cheque clearing facility
- IPS & Connect IPS facility
Balbachat Saving
A children's savings account operated by a signatory.
- Interest rate up to 3.75%
- Minimum balance Rs 500
- Mobile banking service
- ECC electronic cheque clearing facility
- IPS & Connect IPS facility
- Requires birth certificate and signatory KYC
Jestha Nagarik Saving
A savings account designed specifically for senior citizens.
- Interest rate up to 3.75%
- Minimum balance Rs 200
- Mobile banking service
- ECC electronic cheque clearing facility
- IPS & Connect IPS facility
Fixed Deposit
A term deposit offering fixed interest rates across tenures from 3 months to 6 years.
- 3-month FD at 4.25%
- 6-month FD at 4.50%
- 9-month FD at 4.75%
- 1-year FD at 5.00%
- 2 to 6-year FD at 5.25%
- Opened with citizenship and FD form
Loans
6Housing Loan
A long-term loan for residential property purchase or construction.
- Repayment period up to 25 years
- Loan availed within 5 days
- Easy process and attractive interest rates
- Monthly interest payment
- Available at any MPFL branch
Agriculture Loan
A loan facility for agricultural purposes with flexible repayment.
- Repayment period up to 25 years
- Loan availed within 5 days
- Easy process and attractive interest rates
- Monthly interest payment
- Available at any MPFL branch
Personal Loan
A loan to meet individual financial needs, secured against real estate.
- Loan amount up to Rs 50 lakh (T&C apply)
- Granted against real estate mortgage only
- Competitive market-based interest rates
- For personal financial requirements
Loan Against Fixed Deposit
A loan secured against an existing fixed deposit without breaking it.
- Borrow up to 90% of fixed deposit
- Interest up to 3% above FD rate
- Hassle-free loan processing
- Quarterly interest posting
- Auto repayment on FD maturity
Hire Purchase Loan
An installment-based loan, typically for vehicle or asset financing.
- Installment-basis loan
- Tenure up to 7 years
- Reasonable interest rate
- Comfortable down payment
Business Loan
A capital financing solution for business expansion and operations.
- Loan up to Rs 2 crore
- Up to 90% of mortgage value financed
- Fixed capital loan repayable up to 15 years
- Easy process and attractive interest rates
Digital & e-services
6Mobile and SMS Banking (MPFL Smart App)
A mobile app and SMS service for banking transactions and account alerts.
- View account statement and QR payments
- Biometric login and scheduled payments
- Interbank fund transfer
- NEA & water bill payment, topups, ticketing
- Fonepay merchant payments
- Transaction alerts and maturity/expiry notifications
Digital Wallet
An electronic wallet storing payment information for online transactions.
- Stores debit/credit card payment information
- Links bank account to the wallet
- Enables e-commerce on computer, tablet or phone
- Secure credential storage and authentication
- Loadable from any MPFL branch counter
ConnectIPS ePayment
A single electronic platform to pay directly from a bank account.
- Government payments
- Online fund transfer
- Credit card bill payments
- Mobile wallet top-up
- Share broker payments
Interbank Payment System (NCHL-IPS)
A system to transfer funds between accounts at member institutions.
- Account-to-account direct credit payments
- Direct debit collection transactions
- Multiple transaction purposes supported
Electronic Cheque Clearing (NCHL-ECC)
An image-based MICR cheque processing and settlement system.
- Image-based MICR cheque processing
- Cost-effective settlement solution
- Physical cheque truncated at presenting bank
- Faster, easier cheque processing
CorporatePay
A business payments platform for corporate digital transactions.
- Interbank and intra-bank fund transfers
- Salary and vendor payments
- Government tax and revenue payments
- SSF, EPF, CIT and customs payments
- Account statement access
Remittance
1Remittance
A money transfer service to receive funds in Nepal from abroad.
- Arrangements with renowned money transfer companies
- Funds collectible at any MPFL branch
- Serves Nepalese nationals working abroad
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.