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२९ माघ, २०७७
11th Feb, 2021
Thu, November 21, 2024
वि.सं २०८१ मङ्सिर ०६,बिहिबार

Bridge Gap Loan

A bridge gap loan is a short-term loan used until a person or company secures permanent financing of removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. The loans are short term, up to one year and are usually backed by some form of collateral such as real estate or inventory.


Major highlights:

Loan LimitThe minimum loan amount to be NPR 0.3 Million and maximum up to Single Obligor Limit
Loan TenureThe maximum tenure of the loan shall be 10 years.
RepaymentInterest and installment can be paid on EMI basis for SME loans.
EligibilityThis loan may be granted to already established firms/ Partnership firms/ company/ institutions or to new established firms /company /institutions or production manufacturing units.



Basic Documents

The applicant should provide at least the following documents before initiation of the credit proposal.

  • Completed application form of the bank.
  • Firm/Partnership/Company Registration paper.
  • PAN copy
  • Latest tax clearance receipt
  • Article of Associations/Memorandum of Associations (In the case of companies)
  • Board minutes regarding loan amount /Authorize signatory for operation of account
  • Details of the guarantors
  • Copy of citizenship of Proprietor/Partner/Shareholders and the guarantors
  • Last two years audited financials & Three Years projection
  • Title deed of the related parties.
  • Building construction permission from competent authority along with the drawing from engineer /architect and completion certificate in case of outright purchase of land and building
  • Payment receipt of latest land revenue
  • Four boundaries certificate of the proposed collateral security
  • Blueprint of land
  • Trace map of land
  • Other related documents as necessary



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Fixed Deposits

9.00%

Less Than 2 Cr

Individual Deposit (2 Yrs < 30 Mth)

9.00%

Less Than 2 Cr

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