Saturday January 18,2020

Nabil Sajilo Express Karja

  • Interest Rate: up to 10.50% per annum (Fixed for 1 year)
  • Loan size NRs.15 Lakhs to NRs. 75 Lakhs 
  • Loan approval within 35 working hours
  • Free issuance of Credit card to the key person with initial limit of NPR 50,000
  • Free Transaction alerts through SMS
  • Free Monthly Bank Statement
  • NRs 10 lakhs of accidental insurance coverage, Rs. 3 lakhs of insurance coverage for 13 critical illness and NRs 75.000 on death by any cause from personal account *

Conditions applied*

  • Application Form (can be downloaded from the link below)
  • Past two years' audited financial statements with next three years projected financial statements.
  • Projected financials for next three years for start ups
  • Registered Certificate of Firm/Company registration
  • PAN Certificate and Tax paid receipt of last financial year (the most recent available)
  • Memorandum and Articles of Association (as applicable in Private Company Limited)
  • Latest Certified shareholding pattern (as applicable in Private Company Limited)
  • Decision of Board of Directors to apply for credit facility with assignment of power of attorney to account operators (as applicable in Private Company Limited)
  • Bank Statement of present bank account. 
  • Document related to credit facilities availing at present. ( if availing loan from other bank and if available) 
  • Details of land/building offering to bank as security
  • What is Nabil Sajilo Express Karja (NSEK)?
    ‘Nabil Sajilo Express Karja’, as the name suggests it is an up gradation to Nabil Sajilo Karja (NSK) via credit scoring model. This model will make the credit processing quicker where the customer will be provided loan approval within 35 hours upon providing all the needful documents.
  • What is credit scoring?
    Credit scoring is a combination of statistical analysis and expert judgment performed by lenders, which allows lenders and other financial institutions to determine the creditworthiness of an individual. It speedily calculates the probable risk in the business which helps in decision making & pricing loans.
  • What are the features and criteria of these loans?
      A. NABIL SAJILO EXPRESS KARJA  
    1. Eligibility: General   
    2 Loan size up to NPR 7.5 million  
    3 Interest Rate: based on the score obtained from score card (min 10.3% - max 10.5%)
    4 Loan Admin fee : 0.75% of the total limit
    5 13 critical illness insurance coverage through Nabil care
    6 Credit card to the key person with limit of NPR 50,000
    7 Free transaction alerts through SMS 
    8 Monthly Bank Statement delivery through email
    9 Turn Around Time (TAT) of 60 hours; 35 hrs for approval, next 25 hrs for security documents execution.
  • How can I apply?
    Generally, we ask you to fill out our application form and provide us with supporting documents for the business to start credit assessment process. However if you are undecided and need to make any inquiry about the loan you can contact the SME hub or email us at the provided contact details mentioned in the website.
  • How long can I take the loan for?Term loan is provided to the customers up to 6 years. However in case of overdraft, the facility is provided for 1 year which shall be renewed according to the requirement of the customer.
  • What are the documents required?
  • Individual Documents Official Documents Financial  Documents
    1.Citizenship Certificate 1 MOA, AOA

     

    1.Incase of existing business: - Financial Statements (Two year audited and/or three years projection
    -Tax Clearance certificate (compulsory)
    - Business Plan  ( if prepared)
    2. Net Worth Statement 2.  Registration certificate 2.Incase of startups: - Projected financials for 3 years. -  Business Plan  (compulsory)
      3. Valuation Report (if available)  
      4. Tax clearance certificate( in case of existing business)  
      5. PAN/ VAT certificate  
      6.  Resolution of partners/ BOD for availing: ( Banking facilities, Authorize loan operation and mortgage, provide undertaking and corporate guarantee)  
      7. Bank Statement of present bank account  
      8. Document related to credit facilities availing at present. ( if availing loan from other bank and if available)  

For detailed information, please visit a branch near you or you can visit / contact us at below address:

Mid-Corporate, SME & MF Division

UWTC Building 2nd Floor, Tripureshwor, Kathmandu

Tel: +977 1 5970015

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