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.
Features
-
Facility Type
- Overdraft Loan
- Term Loan
- Demand Loan
- CAPEX Loan
- Short Term Loan
-
Loan Amount
- Above NPR 30 Million
-
Loan to Value (LTV)
- Financing shall be up to 85% of Fair Market Value (FMV) of Real Estate Collateral
- However, for business units whose registration has not crossed 2 years, LTV shall be restricted within 80%
-
Tenure
- Revolving (Overdraft): 1 year on renewal basis
- Demand Loan: Up to 1 year payable on revolving basis
-
Term Loan
- CAPEX Financing: Up to 15 years
- Core Working Capital Financing: Up to 10 years
-
Short Term Loan
- Maximum 120 days or working capital cycle, whichever is lower
- Payable on maturity
-
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 in case of refinancing of existing fixed assets
-
Working Capital Loan
- Limit shall be determined as per NRB working capital guideline
-
Eligibility & Requirements
- Business registration elapsed at least 6 months from registration date
- Debt Equity Ratio as mandated by NRB i.e. 80:20
- PAN is compulsory if loan limit (Individual/Group) exceeds NPR 25 Lacs
Required Documents
- 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
Sajilo Uddhyami Karja (SUK)
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