SME Loan


Reliable financial solutions for small and medium sized business entrepreneurs for start up and expansion 

Purpose
 
  1.  Financing for small and medium businesse
  2.  Working capital as well as capital expenditure financing 
  3.  Financing for trade related facilities like LC/TR and non-funded facilities like bank guarantee etc



Features and Benefits:
 
  1. Competitive Interest rates
  2. Quick Turnover time: Approving status within 5 working days upon completion of all required documents 
  3. Flexible tenor: Maximum up to 5 years on installment basis for term loan.  1 year for working capital loan, this may be reviewed upon satisfactory performance. 
  4. Counseling to help better financing by our Relationship Managers throughout the process
  5. Loan processing fee: 0.75% .
  6. Pre-payment charge: Pre-payment can be made with nominal charge @ 1%, however pre-payment charge @ 3% will be levied in case of SWAP 



Eligibility
 
  1. Small and medium sized business entities (Industry / trading / service sector)
  2. Firm/ company owned by Nepalese individual registered in concerning government authorities / municipality / VDC. 
  3. Business is in operation at least for last six months for new venture after registration in concerning government authorities/ municipality/ VDC. 
  4. Primary security: Hypothecation of stocks, assignment of current assets, bills and receivables of the business. 
  5. Secondary Security: Acceptable Real Estate Collateral. 
  6. Maximum loan amount up to Rs.15 million for both funded and non funded loan / facility.




Documents Required
 
  1. Loan application firm duly filled and signed in standard format of the Bank
  2. Photocopy of Firm / company Registration 
  3. Photocopy of article of association and memorandum of association and board resolution, as applicable
  4. Stock report, account receivables and payables 
  5. Photocopy of land ownership certificate 
  6. Financial statement of last three years either audited or management prepared 
  7. Photocopy of Tax/PAN/VAT certificate along with registration certificate
  8. Other documents as sought by the Bank




Click here for SME Loan Form