National Pension & Provident Fund

Officer Order

Posted On 2020-10-09 | announcement

As a routine procedure, the NPPF is pleased to release the annual pension increment of 4.54% to civil pensioners and beneficiaries for July 2019 to June 2020 year. The increment is based on year-on-year inflation rate published by NSB dated September 11, 2020.

Therefore, the civil pensioners and beneficiaries shall receive the increment with retrospective effect from July 2020 and paid in arrear in September 2020.

"Available during office hours"

In line with RMA’s notification on the 3rd revision of MLR from 6.66% to 6.51% dated August 03, 2017, the National Pension and Provident Fund (NPPF) would like to inform that there is no change in the interest rates for member loan products. However, interest rate for corporate clients has been revised.

Revised Lending Rate

#	Loan Product	Tenor (Years)	Current Rate
1	Education Loan	5	9.50%
		10	9.70%
		15	10.00%
2	Housing Loan (Commerical)	20	10.50%
3	Member Home Loan	20	9.0 % (fixed) and 8.0% (5-years reset)
4	Student Loan	up to 15	8% during gestation 9% thereafter
5	Member Loan	5	8.5%
6	Flat Purchase	20	8.75% (fixed) and 7.75% (5-years reset)