Professional Loan

Purpose

  • Purchase of Equipment used in the profession undertaken.
  • Purchase of furniture, furnishing & fixtures of the office premises
  • Working Capital requirement

Eligibility

  • Nepalese Citizen
  • Individuals/ firms & joint ventures professionals are engaged.
    Medical practitioners including Dentists, Chartered Accountants, Engineers,
  • Construction contractors, Management Consultants and other professionals who are recognized by government.
  • Technically qualified by bank

Limit

  • Upto Rs. 25.00 Lacs

Margin

  • Minimum margin 30%

Interest rate

  • Competitive rate

Repayment

  • 5 yrs including moratorium period of 6 months

Security

  • Hypothecation of fixed assets in favor of bank (existing assets if any)
  • Collateral Security acceptable to bank

Insurance

  • Comprehensive policy as per banks’ clause.