Loan Against Securities
Machhapuchchhre Bank Limited provides Loans against following security(s):
National Saving Bond (NSB)
|Own Fixed Deposits (FD)|
|Other Bank's Fixed Deposit (FD)||Development Bond (DB)|
|Foreign Currency (FCY) / Local Currency(LCY) Deposits|
Purposes of Loan:
- Business / personal Purpose
90 percent of the face value of security
In the case of Loan against NSB, DB, FD and FCY/LCY Deposits, the loan can be repaid at the time of maturity or security or in convenient installments, as appraised and agreed to at the time of approval.
- No Loan processing fee.
- Nominal loan documentation fee
- No charge on part pre-payment.
- The borrower must be at least 21 years of age and the loan must be terminable before you reach the age of 60 years
- The loan will be approved immediately, if the application is complete in all respects.
Other terms and conditions will be as decided by the bank from time to time. For more details, please contact to Credit Department in any branch of Machhapuchchhre Bank Limited.