Why is the loan interest rates in Nepalese banks too expensive?

I am planning to buy few properties as an investment, but don't have enough money on hand to do so. When looking at loans the interest rates of every Nepalese banks are way too high. I think the minimum rate I found is 8%. This is really frustrating and wondering why Nepalese interest rates are way to high.

interest-rate loan bank

asked 15 Feb '19, 16:55

mani-rai ♦♦
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accept rate: 21%

edited 15 Feb '19, 16:58

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bank ×8
loan ×7
interest-rate ×2

question asked: 15 Feb '19, 16:55

question was seen: 505 times

last updated: 15 Feb '19, 16:58

Why is the loan interest rates in Nepalese banks too expensive?

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