Service Business Loan is designed for providing loans to customers for meeting day to day working capital requirements or meeting capital requirements. The main target sectors of this loan are educational, tourism, health, entertainment and other service related sectors. This facility can be provided in the form of overdraft, working capital or term based loans.
|Loan Limit||The minimum loan amount to
be NPR 10 Million and maximum up to single obligor limit|
The tenure of the overdraft loan shall be one year from the date of disbursement. Overdraft loan may be renewed and the decision of the renewal is up to the loan approving authority.In case of term loan, the maximum tenure of the loan is above one year and up to 15 years from the date of disbursement.
|Repayment||Interest can be paid either
on monthly or quarterly basis in case of working capital nature loans and in
case of fixed term loans principal and interest can paid on EMI basis or lump
Before approval of working capital nature loans
|Eligibility||This loan may be granted to
already established or newly established firm's/ Partnership firms/ Company/ Institutions
related to service sectors. |
The applicant should provide at least the following documents before initiation of the credit proposal.