Professional Loan

Garima Professional Loan is targeted to those individuals who are working professionals in their respective fields and sectors for personal purpose. 

Major Highlights:

Loan Limit	NPR 0.2 Million – up to NPR 1.5 Million (OD limit shall be restricted to NPR 0.5 Million or 50% of the total loan amount, whichever is lower)
Loan Tenure	The maximum tenure of the loan shall be 5 years for Term Loan and maximum 1 year for OD.
Repayment	Interest and installment can be paid on EMI basis.
Collateral required	Without Collateral
Eligibility	The individuals involved in the following profession with sufficient income are eligible to utilize the loan facility which are mentioned as follows: Chartered Accountants (ICAN Certified Members) Lawyer (Nepal Bar Council certified member) having at least 3 years of practice. Doctors and Staff Nurses (Nepal Medical Council Certified Doctors and Degree Certified Staff Nurses) Engineers (Engineers certified by Nepal Engineering Council) Pilot and Air Hostess (Certified by Nepal Civil Aviation authority of Nepal) associate with any airlines company at least for 6 months. Teachers (Government of Nepal Permanent Teachers and University Teaching Permanent Professors) Permanent Employees working in Banking and Financial Institutions and Insurance Companies Permanent Employees working in Public Corporations Permanent employees of Nepal Government Nepal Police and Nepal Army (at least Assistant Sub Inspector 'ASI' of Police and Warrant Officer Second Class 'Jamdar' in Army). If any reputed corporation involved in portfolio management/investment on behalf of the loanee gives us a corporate guarantee, any of the individuals having repayment capacity or sufficient regular income can be provided with the professional loan facility Employee working in any reputed organization Co-operative, Private/ Community Hospital, School/College etc where such organization provides us a corporate guarantee on behalf of those employees.
Basic Documents	The applicant should provide at least the following documents before initiation of the credit proposal. Completed application form of the bank. Completed KYC form of the client Citizenship or passport, photograph of borrower Copy of citizenship of the personal guarantor Character certificates & certificates showing academic qualification of respective professional degree Personal PAN issued by IRD Bank Statement at least of six months for verification of income source of the borrower Full residential address (including location map) Any other information/document, which may be necessary, as per requirements of each.