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 
 

Loan Amount: 

  1. 90 percent of the face value of security

 

Repayment: 

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.
 

Other Features:

  1. No Loan processing fee.
  2. Nominal loan documentation fee
  3. No charge on part pre-payment.
  4. The borrower must be at least 21 years of age and the loan must be terminable before you reach the age of 60 years
 

Response Time: 

  1. 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.