Nepal Investment Bank Ltd (NIBL) has launched a new loan scheme, ‘Housing Loan’, at an interest rate of 10.5 per cent per annum for loans of up to Rs 10 million for 15 years on EMI basis. The loan can be availed through all NIBL branches for buying property, it said. The commercial bank regularly comes up with innovative products and services to satisfy the financial needs of its customers, said the bank that was the first to launch an innovative saving scheme of Re 1. It operates through a strong network of 41 branches and 68 ATMs across the country. The bank has also received the prestigious ‘Bank of the Year’ award four times, in 2003, 2005, 2008 and 2010.