Laxmi Sunrise Bank has publicly disclosed the names of 30 borrowers who failed to repay their smartphone loans on time, giving them 35 days to settle outstanding dues.
Laxmi Sunrise Bank has released a list of 30 borrowers who failed to repay their smartphone loans on time. The bank issued the notice on Sunday, instructing these borrowers to clear their outstanding dues within 35 days.
According to the bank, despite repeated reminders, these borrowers did not respond or make payments, prompting the bank to make their names public. The notice stated: “Despite repeated reminders, the borrowers neither repaid the dues nor contacted the bank; therefore, this notice is being issued.”
The bank warned that if the dues are not cleared within the 35-day period, it will initiate the loan recovery process. As per Nepal Rastra Bank guidelines, the names of these borrowers will be sent to the Credit Information Center (CIC) blacklist, and legal procedures will be followed to recover the loans.
The public notice includes borrowers’ names, citizenship numbers, and addresses, covering districts such as Parsa, Rupandehi, Morang, Makwanpur, Lalitpur, Chitwan, Jhapa, and Kailali, among others.
In recent years, banks in Nepal have increasingly offered mobile app-based loans like “smartphone loans”, allowing borrowers quick and easy access to credit.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
