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SME Loan [Back]

!! 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: 8% to 14% p.a.
  • Quick Turnover time. 
  • Flexible tenor: Maximum up to 10 years on installment basis for term loan and 1 year for working capital loan. 
  • Counseling to help better financing by our Relationship Managers throughout the process
  • Loan processing fee: 0.75% of the loan amount


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. 
  • 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 

Security
  • Primary security: Hypothecation of stocks, assignment of current assets, bills and receivables of the business. 
  • Secondary Security: Acceptable Fixed Assets Collateral. 

Loan Amount
  • Maximum loan amount up to Rs.40 million.


Documents Required

Registration Related Documents:

  • Copy of registration certificate issued by Company Registrar's office/ office of commerce / office of small & cottage industry & PAN Certificate.
  • Copy of Article of Association.
  • Copy of Memorandum/partnership deed as applicable.
  • Copy of TAX Registration/renewal certificate.
  • In case of requirement of specific permit/license to operate the business, same should be obtained from the concerned ministry/department.
  • Share Holding pattern certificated by Company registrar's office.
     
Collateral / Property Related Documents:
  • Copy of Ownership Documents of property (Lalpurja).
  • Copy of Land Revenue Payment Receipt (Tiro Rashid) - most recent.
  • Copy of ownership transfer document (Rajinama/Bakaspatra)
  • Cad-astral map (blue-print map).
  • Certification of 4 corners (Chauhaddi) from ward office.
  • Copy of Building drawing approved by concerned authority *building construction completion certificate ( in case of Building)
  • Any other documents related to property as applicable.
     
Other Documents:
  • Certified true copy of Board Minute to obtain loan.
  • Citizenship & photographs of directors/proprietors/partners and personal guarantors.
  • Loan application firm duly filled and signed in standard format of the Bank.
  • Financial statement of last three years either audited or management prepared and projected financial statement for at least next 3 years. 
  • Other documents stipulated by the Bank from time to time.
     

Refer to your nearest branches.

Download Business Loan Application form

 

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[PDF, Size: 131.8KB]


Note: All the above forms are in PDF format. 
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