Business Loan

Business loan product is promoted for financing the requirement of business more than NPR 30 Million. The primary target group would be businesses involved in manufacturing, trading & services sectors.

Purpose:

• To finance the working capital, capital expenditure requirements including refinancing of equity, project financing, consortium loan and any other business requirement.

• Facilities Type: Overdraft Loan/ Term Loan/ Demand Loan/CAPEX and Short Term Loan.
• Loan Amount: Above Rs 30 Million.
• LTV: Up to 85% of FMV of real estate collateral.
• Tenure: 15 years (Core Working Capital & Fixed Assets).
• Overdraft: 1 year revolving basis.
• Demand Loan: 1 year payable on maturity.
• Short Term Loan: Max 120 days or working capital cycle whichever is lower.
• Capital Expenditure Financing:
  • Maximum up to 80% of cost of assets as per tax invoice-In case of New Assets Financing
  • Maximum up to 80% of book value * as per latest audit/provisional report.

• Loan Application
• Audited and 3 years projected Financial Report.
• Copy of Firm/ PAN/ VAT Registration Certificate, Partnership Deed, Latest Tax Clearance Certificate.
• MOA/ AOA (If Any).
• Company’s Profile
• Board Resolution for opening A/C, Availing Loan, Delegation of Authority (If any).
• Copy of citizenship and 1 copy of PP size photograph of all directors.
• Project Proposal (If any).
• Profile (Biodata) of the Directors/ Shareholders.
• Documents related to fixed assets security (i.e. Lal Purja, Tiro Rashid, etc).
• Bank Statement.
• Detail report of Stocks, Account Receivables, Account Payables, Goods in Transit, Sales, Purchase etc.
• If Directors/ Shareholders are involved in other company details of the company.
• List of major Suppliers/ Buyers.
• Main products of the unit/ Firm/ Industry/ Company