!! Flexible financial solutions for business operation and expansion. !!

Global Small Business Loan/ Small and Medium Enterprises Loan

Our SME Loan enables you to meet your unique business requirement.

Purpose

• Financing for small business facilities and commitments
• Working capital financing 
• Swapping of loan from other banks and financial institutions 
• Financing for capital expenditure (in the form of Fixed Term Loan) 
• Financing for trade related facilities like LC/TR and non-funded facilities like bank guarantee etc.

Features and Benefits:

• Competitive Interest rates.
• Quick Turnover time: Approving status within 36-48 hours upon completion of all required documents 
• Flexible tenor: Maximum up to 10 years on installment basis and 1 year for term loan. 
• Counseling to help better financing by our Relationship Managers throughout the process
• Loan processing fee: 1.50% of the loan amount
• Prepayment charge: 1% of the prepaid amount if prepayment is one year from the date of initial disbursement

Eligibility

• Small and medium scale industries (carpet, garment, pashmina, handicraft etc); Trading sector (wholesaler & retailers/distributors, import and exporters), service sector (cargo/ freight forwarders, travel/ tour/ ticketing agencies, hospital/ polyclinics, educational consultancies etc.) and any other sector
• Firm/ company owned by Nepalese individual registered in concerning government authorities / municipality / VDC. 
• Business is in operation at least for last six months for new venture after registration in concerning government authorities/ municipality/ VDC. 
• Minimum 2 years of profitable operation or the new business to be established by the key person who has minimum 2 years of experience in the similar business. 
• Swapping of loan is subject to the satisfactory debt servicing to concerning banks/financial institution 
• Primary security: Hypothecation of stocks, assignment of current assets, bills and receivables of the business. 
• Secondary Security: Acceptable Fixed Assets Collateral. 
• Maximum loan amount up to Rs.10 million for both funded and non funded loan / facility.

Documents Required

• Loan application firm duly filled and signed in standard format of the Bank
• Photocopy of citizenship certificate of applicant, guarantor. 
• Name of the family members 
• Current account in the name of the borrower 
• Name of the sister concerns 
• Photocopy of Firm / company Registration 
• Photocopy of article of association and memorandum of association and board resolution 
• Net-worth declaration statements. 
• Stock report, account receivables and payables 
• Photocopy of land ownership certificate 
• Financial statement of last three years either audited or management prepared 
• Original blue print of the land 
• Photocopy of construction completion certificate from Municipality/VDC (Nirman Sampanna Pramanpatra). 
• Photocopy of four Boundary Disclosure (Char Killa) from ward office of the land/building to be placed as collateral. 
• Photocopy of latest land revenue receipt (Malpot Receipt) and tax clearance receipt of the building to be placed as collateral 
• Photocopy of Tax/PAN/VAT certificate along with registration certificate 
• Photocopy of land/housing Transfer Deed (Rajinama) 
• Original letter stating coheir (Anshiyar) of the owner of the collateral from local authority (Ward) 
• Other documents stipulated by the Bank from time to time

Refer to your nearest branches.