Laxmi Bank recently launched an online remittance service, eXpress Money Transfer. Laxmi Bank is the first South Asian bank to join SWIFTNet, an international remittance program. The service caters in particular to people without bank accounts. Funds are collected and paid out by the 100-strong Laxmi Bank agent network.
A new firm, Best Deal Real Estate Agency says it brings together the largest network of property buyers, sellers, and contractors in the country. Best Deal will also offer financial assistance for buyers, legal services, and property assessment.
Brand new colony
There is a new housing option in Bhaisepati, Lalitpur. The Reliable Colony, promted by Guna Cooperatives, has already constructed 62 houses, and plans to reach its target of 110 units in under six months. The complex offers amenities such as a swimming pool, health club, mini-bank, and department store. The houses are priced at Rs 4-5.5 million, and mortgage plans offered by various banks run from seven to 11 percent.