NMB ‘Pre Approved Home Loan’ facility

NMB Bank has announced the launch of ‘NMB Pre Approved Home Loan’ facility. Customers vying for home loans can now have their loan limits approved prior to selecting the intended property. Approval of the required loan limit is based on an individual’s repayment capacity, without prior assessment of the collateral. “The loan facility intends to erase the dilemma customers face in ascertaining the loan limit, and facilitate in obtaining the most suitable option in property supplemented by their earnings,” a statement by the bank reads.

Daraz 11.11 breaks records

Daraz, Nepal’s biggest online marketplace, has successfully completed its much-awaited 11.11 campaign with record-breaking numbers. The celebration officially entered Nepal with Alibaba’s 2018 acquisition of Daraz. This year, the popular online shopping platform sold over 150,000 products during the sale out, of which 40 percent products have already been dispatched. Daraz saw orders from across the country covering more than 24 cities. On the day, Daraz engaged over 350,000 users, an increase of 75 percent compared to 2018. The Daraz website had a mammoth 5,233,344 page views during the sale.