Posted by: R_S May 20, 2011
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Hi all, i was just just browsing some nepali banks and finance companies to see what interest rate they are offering for term deposit and I came across this. this finance company called Standard finance is offering " double your initial deposit in 6 year" . here is is the link ;
http://www.sfl.com.np/product-services/deposit/fixed/super.php
(by the way one of the promoters of this finance company is Upendra mahato)
now, considering the fact that this is only a finance company
* how risky this would investment be?
*does Central bank in nepal has deposit guarantee for banks and finance companies?
*would it be better to invest in property, as it could potentially double investment in 4-5 year but risk is even bigger.
I am totally confused, as it hard earned money and banks and finance companies in nepal can't be trusted because of greedy promoters and property prices in Nepal is currently over- priced.
please help me guys.
http://www.sfl.com.np/product-services/deposit/fixed/super.php
(by the way one of the promoters of this finance company is Upendra mahato)
now, considering the fact that this is only a finance company
* how risky this would investment be?
*does Central bank in nepal has deposit guarantee for banks and finance companies?
*would it be better to invest in property, as it could potentially double investment in 4-5 year but risk is even bigger.
I am totally confused, as it hard earned money and banks and finance companies in nepal can't be trusted because of greedy promoters and property prices in Nepal is currently over- priced.
please help me guys.