NIC Bank signs up trained agents to promote home loan products

 NIC Bank and Brihat Investment entered into an agreement today to promote home loan products.

The trained agents from Real Estate Marketing Agents (REMA) from Brihat Investment will be working as direct selling agents for NIC Bank to sell its home loan products, said Purnima Rajbhandari, CEO of Brihat Investment that has been advocating and lobbying with the banks, the government and Nepal Land and Housing Developers’ Association (NLHDA) to establish REMA profession.

Brihat Investment has trained the REMA professionals for ethical buying and selling of houses, she said, adding that they have the expertise to asses and

ascertain the quality of an asset and help buyers find good value for their investments.

Under the agreement, REMA will facilitate the prospective buyers for acquiring home loan from NIC Bank for purchase of residential houses and apartments.

NIC Bank has demonstrated its leadership in the home loan league through its popular product NIC Ghar Subidha for its comprehensive product bundling. “The Bank believes that the arrangement with Brihat Investment-REMA, our customers will have better access to our services and quick turnaround time in availing home loans,” said the bank.

The licensed agents for the real estate sector will help boost the sector as they can bring professionalism in the sector that

has been facing slowdown recently, Rajbhandari said, adding that NIC Bank and REMA can work jointly for home buyers.

Currently, the real estate and housing sector has around Rs 200 billion investment and the central bank has also been seriously working to help the sector that creates employment.

Though, the land plotting and land transaction have been discouraged, the central bank has accepted the contribution of the real estate and housing sector to gross domestic product (GDP).

Meanwhile, the central bank Governor has urged the developers to build houses that are under common people’s purchasing capacity.

The housing products should be within the purchasing capacity of the people, he said in an interaction recently.

 
source:thehimalayantimes