Loan against FD and government securities
Target Segment:
- Individual Nepali Citizen / Entity.
Purpose:
- To fulfill the various needs of Individual / Entity.
Loan Limit:
- Upto 90% of the FIxed Deposit Amount maintained with this Bank of Respective Branch Only.
- Incase of Inter Branch FD Loan approval from Corporate Loan Department is compulsory.
Loan Tenure:
- Shall not exceed the Maturity Period of Fixed Deposit.
Interest Rate:
- It shall be the published rate by Bank from time to time.
Documents Required:
- Application form with photo/Company Seal from Applicant/ Co -applicants/ Authorized Person of Entity.
- Citizenship Certificate of Applicant/Co-Applicant.
- Fixed Deposit Receipt.
- Minutes in case of Entities for taking Loan and Delegation of Authority for Loan.
- Any other documents to justify the loan that may be decided by the management from time to time or as may be required by regulatory requirement.