This is after amendments to the RMA’s money lending rule Starting from 1st April 2017 till date, the Judiciary, as per the Private Money Lending Rule and Regulation (PMLR) 2016, declined to accept any money lending cases for loans made above Nu 500,000. Under the PMLR rules only money lenders …

The Royal Monetary Authority (RMA) on 8 September announced the extension of loan term for commercial housing loan and home loan from 20 years to maximum period of 30 years, excluding the gestation period. The RMA directive would serve to reduce the monthly installments of the loan for the building …

The Office of Consumer Protection (OCP) has been receiving some complaints of late, mostly related to hike in price of commodities and unfair practices in the market.  “We receive all kinds of complaints, but we can only help those involving a licensed business entity and the consumers since our job …