Target Segment

1. Individual Nepali Citizen.
2. Age between 25 years to 55 years (maximum age limited to tenure of Loan).
3. Individuals with regular source of income from their employment or self-employment.

Purpose

To cater various personal needs to fulfill their social obligations/personal financial needs of professionals working in various organized sectors. 

Loan Tenure

1. Up to 5 years for Term Loan
2. One year for revolving Loan.

Loan Limit

1. Up to NPR 1.5 million for Term Loan.
2. Up to 0.5 million for Revolving Loan. However, the total limit not exceeding 1.5 million.

Repayment Mode

1. Repayment shall be on EMI/EQI basis for Term Loan.
2. Interest payment on quarterly or monthly basis and principal at maturity in case of Revolving Loan. 

Interest Rate

1. It shall be the published rate by Bank from time to time. click here

Charges

1. It shall be the charges published by Bank from time to time. 

Security

1. Personal guarantee from the borrower and his/her spouse if borrower is married. Corporate guarantees, if any, from employer shall be preferred in addition to personal guarantee of borrower.
2. Preference shall be given to landed security as collateral, valued by the valuator of Bank. However, it is not mandatory.

Documents required but not limited to

1.                    Application form from applicants along with photo.

2.                    Copy of citizenship certificate of applicant/guarantor.

3.                    Salary certificate and bank statement in case of employee to justify the source of income.

4.                    Certificate of undivided family members from competent authority.

5.                    Net worth statement of applicant/personal guarantor.

6.                    Certificate of practice (COP) issued by the regulatory body in case of practicing doctor, chartered accountant, engineer, lawyer etc and recommendation letter from employer in case of employment.

7.                    In case if loan is given to practicing professional then income from their self-employment is used to repay the loan so documents such as, registration certificate/renewal certificate of the firm, tax clearance certificate, PAN certificate, latest audited financial statement or provisional/projected financial statement of the firm etc.

8.                    In case if land and building is taken as collateral then property related documents such as land/buildings/apartments ownership certificates, property deed, four boundary certification of property, land revenue receipt, blue print of the land, approved structure of building, construction completed certificate etc.

9.                    In case if land and building is not taken as collateral then insurance policy document must be taken.

10.             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. 

All the documents and copies of the documents should be signed by the applicant to authenticate the documents.