Kathmandu. Nepal Rastra Bank (NR B) has expanded the scope of digital lending and has made it possible for micro, small and medium enterprises to avail loans up to Rs 10 lakh without collateral through mobile banking .

The National Bank has amended the Guidelines on Electronic Lending (Digital Lending) (2078) and has made a provision to provide digital loans up to Rs. 5 lakhs for short-term current capital loans and up to Rs. 10 lakhs for long-term current capital loans ।

As per the amended provision, the customer after submitting the application from mobile banking {{} will be credited to the bank account in a fewminutes after valuation through the automated system. 

does not require collateral, branch visits, or paperwork. The Rastra Bank said This arrangement will help expand financial access to small and micro enterprises doing digital transactions. This facility will be available to the banks and financial institutions that have started ‘Phone Loan’ service.