This Demand Loan is designed for providing loans to firms or companies seeking finances for the fluctuating seasonal/ short term requirement on the current assets of the business.
|Loan Limit||The minimum loan amount to be NPR 0.3 Million and maximum up to single obligor limit|
|Loan Tenure||The maximum tenure of the loan shall be one year. According to the needs of the borrower, the tenure can also be for a period of less than 1 year. |
|Repayment||Interest should be paid on monthly basis and the whole amount should be repaid once the requirement is over.|
Before approval of working capital nature loans
For Term Loan Nature Loan, Loan Limit shall not exceed 80% of the total assets financed.
|Eligibility||This loan may be granted to already established firm's/Partnership firms/company/institutions.|
The applicant should provide at least the following documents before initiation of the credit proposal.