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Thursday, July 27, 2017

Loans and Advances » Consumer Loan

International Home Loan

Purpose
  1. Purchase of ready built house/apartments
  2. Construction/ repairs/renovation/extension of house.
  3. Purchase of land.
  4. Purchase of house/apartments from housing Developers under tripartite agreement.
  5. Re-financing (Swap)
Loan limit: NPR 0.3 million to NPR 20 million

Age: 18 years to 65 years, at the time of maturity of loan.

Tenure:
  • Term loan: 1 year to 25 years
  • Overdraft: 1 year, Renewal yearly subject to satisfactory track record.

Repayment Modality
  • Term Loan: Interest and Principal to be paid every month on EMI basis.
  • Overdraft: Interest to be paid on monthly/quarterly basis.


International Ati Sajilo Karja

Purpose
To meet personal financial requirement of an individual.

Limit: NPR 0.3 million to NPR 20 million

Age: 18 years to 65 years, at the time of maturity of loan.

Tenure
  • Term loan: 1 year to 20 years
  • Overdraft : 1 year, Renewal yearly subject to satisfactory track record.

Repayment Modality
  • Term Loan: Interest and Principal to be paid every month on EMI basis.
  • Overdraft: Interest to be paid on monthly/quarterly basis.


International Auto Loan

Purpose
To meet financial requirement of an individual/firm/company for the purchase of brand new and used private vehicle such as car, jeep, van, motorcycle etc. for private use

Limit:
  • NPR 0.3 million to NPR 10 million for four wheeler
  • NPR 75,000 to NPR 200,000.00 for two wheeler

Age: 18 years to 65 years, at the time of maturity of loan

Tenure
  • Brand New Vehicle: 1 year to 8 years
  • Used Vehicle: Total age of the vehicle from its manufacturing date should not exceed 8 years at the time of maturity of loan.

Repayment Modality
  • Loan will be repaid in Equated Monthly Installment (EMI) basis.


International Education Loan

Purpose
Advances will be allowed for the following purposes as well as for other similar purposes in connection with the higher studies of the students in the country or abroad:
  1. Admission Fee
  2. Books and stationery
  3. Instruments required for the course undertaken
  4. Monthly fees/Tuition fees
  5. Examination Fees
  6. Caution deposit/building fund/refundable deposit supported by Institution bills/receipts
  7. Any other expenses required for completing the course like study tours, project work, thesis etc.
  8. Boarding and lodging expenses in recognized Boarding Houses/Private accommodations.
-In case of private accommodation the reimbursement may be allowed to students up to prevailing charges of recognized Boarding Houses in the area.

Limit: NPR 0.3 million to NPR 2.5 million

Age: 18 years to 40 years at the time of maturity of loan.

Tenure: 1 year to 8 years excluding moratorium period.

Moratorium Period
Period of course plus one year after the completion of study or one month after getting employment, whichever is earlier.

Repayment Modality
  • During Moratorium Period: Interest shall be paid on monthly/quarterly basis
  • After Moratorium Period: Loan shall be paid on EMI basis



International Heavy Equipment Loan

Purpose
To meet financial requirement of an individual/firm/company to purchase excavator, back hoe-loader, dozer, grader, roller compactor, crane, wheel-loader, concrete distributor and any other heavy equipments used in construction work for commercial purpose.

Limit: NPR 0.3 million to NPR 20 million

Age: 18 years to 65 years at the time of maturity of loan

Tenure: 1 year to 7 years

Repayment Modality
  • Loan will be repaid in Equated Monthly Installment (EMI) basis.



International Hire Purchase Loan

Purpose
To meet financial requirement of individual/firm/company for the purchase of Bus, Micro Bus, Jeep, Tipper, Truck, Pick-up, Tanker, Cargo Van, Taxi, School Bus etc. (Brand New and Used commercial vehicles)

Limit: NPR 0.3 million to NPR 10 million

Age: 18 years to 65 years at the time of maturity of loan.

Tenure:
  • Brand New Vehicle: 1 year to 7 years
  • Used Vehicle: Total age of the vehicle from its manufacturing date should not exceed 7 years at the time of maturity of loan.

Repayment Modality
  • Loan will be repaid in Equated Monthly Installment (EMI) basis.


Margin Lending

Purpose
To finance against shares of companies listed in Nepal Stock Exchange

Limit: Minimum NPR 100,000.00

Tenure: Maximum 12 months


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