Loan



Purpose

Financing on vehicle for personal or business use

Financing Ratio

As per NRB directives ( currently, maximum 65% of value for personal use)

Nature

Non Revolving and non-renewable

Disbursement

The loan shall be disbursed as a Term Loan.

Principal Repayment

Equated Monthly/Quarterly installment

Interest Repayment

On installment payment date.

Tenure

Maximum 7 years

Security

The proposed vehicle and other additional security (Land, building etc.) on case to case basis and other intangible securities.

Introduction

Home is one of the basic necessities for every human kind. This product is designed for financing for purchase of land and building or purchase of residential plot (land) for construction of building or construction of residential home for individuals having identifiable and stable income sources.



Purpose

Financing on purchase of land and building/flat, construction/renovation of building/flat, reimbursing cost of recently purchased building/flat, taking over good home loan of other Bank/FIs. Etc.

Financing Ratio

Subject to security coverage,

-          Maximum 80% of the project cost in case of construction

-          Maximum Rajinama Value or FMV value whichever is lower in case of outright purchase.

-          Maximum 90% of renovation/extension cost.

-          100% of loan o/s in case of takeovers.

Nature

Non revolving and non-renewable

Disbursement

In case of purchase full amount can be disbursed after completion of documentation and in case of construction phase wise disbursement.

Principal Repayment

Equated Monthly/Quarterly installment

Interest Repayment

On installment payment date

Tenure

Maximum 20 Years.

Security

Land and Building/ Land and other Intangible securities

Security Coverage

As per NRB directives.

Introduction

Business Loan is offered to customers for meeting day to day working capital requirements and can be provided in the form of overdraft / working capital loans. The maximum tenure of the loan shall be for 1 year and will be subject to renewal as per client’s requirement and satisfactory transaction record in the account in terms of repayment, turnover, etc.

The purpose of this facility is to finance the working capital requirement of the trading, manufacturing and service units/industries. The working capital loan will help to build up inventories and receivable at a level required to run the business smoothly.

Fixed Term Project Loans facility will be provided in order to facilitate customers to establish manufacturing industries or production units or purchase of fixed assets.



For Business OD Loan

Purpose

Financing on working capital requirement of business.

Financing Ratio

Subject to security Coverage

-          Maximum of 70% of current assets

Nature

Revolving and Renewable

Disbursement

Limit is provided on the account and borrower can withdraw the account within limit as per need.

Principal Repayment

Full within Expiry or can be renewed on satisfactory performance.

Interest Repayment

On monthly/quarterly basis.

Tenure

Maximum one year period.

Security

Land and Building/ Land and other Intangible securities

Security Coverage

As per NRB.directives



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Introduction

Micro Financing is one of the basic necessities for every human kind in the context of Nepalese under developing economy. This product is designed for financing to ethnic and low income class and marginalized people. The main objective of this product is to extend micro credit activities and help towards raising the living standard of the poor.



  • This loan may be granted to already established firms/Partnership firms/company/institutions or to new established firms/company/institutions or production/manufacturing units.


Purpose

Financing on business and/or low cost housing under deprived sector as defined by NRB.

Nature

May be revolving and renewable and also non-revolving and non-renewable.

Disbursement

Loan can be disbursed on full or partially.

Principal Repayment

-          Lump sum within expiry in case of revolving nature of loan.

-          In equated installment basis (EMI/EQI) in case of non-revolving nature loan.

Interest Repayment

On monthly/quarterly basis or on installment payment date.

Tenure

One year for revolving and maximum 5 years for installment basis loan.

Security

In case of BFIs, Assignment of Receivables & corporate guarantee and other as per NRB directives.

Introduction

This product paper has been designed to finance students, with the support of the Parents or any other Sponsor/s, who aspire to pursue for higher/technical/ professional education. The loan will essentially help them to finance fees/expenses (to be paid in various forms to the educational institution) and travel/logistics support.



Purpose

To finance for tuition fees and other expenses related to higher/technical/professional education.

Financing Ratio

Subject to security Coverage

-          Maximum of 90% of the College/University Expenses

-          Lower limit and upper limit of loan shall be NPR 0.15 million to NPR 5.00 million respectively.

Nature

Non Revolving and non-renewable

Disbursement

-          The loan shall be disbursed as a Term Loan.

-          Full disbursement or phase wise disbursement of the total loan is allowed as per the nature of the course

Moratorium Period

Course Period plus 1 year after the completion of course designated or 1 month after getting employment, whichever is earlier.

Principal Repayment

The loan shall be repaid within 5 years after the moratorium period on EMI/EQI basis

Interest Repayment

On installment payment date

Tenure

Maximum 5 Years

Security

Land and Building/ Land and other Intangible securities

Security coverage

As per NRB directives.

Introduction

Having a four heeler is one of the basic necessities for professionals, businessman, and manager/executive class employees of corporate classes living in the urban cities of the country. This product is designed for financing for purchase of private vehicles (car, jeep, pick up etc.) for personal use and commercial vehicles (tipper, bus, taxi, Backhoe Loader, excavator, Tractors, truck and other heavy and light equipment’s etc.) for business purpose having identifiable and stable income sources.



  • Employed and self-employed professionals (Doctors/ Engineers/ Bankers/ CAs/Teachers etc.)
  • Employees of Corporate Business Houses
  • Company (pvt/public), proprietorship firm, partnership firm
  • Other individuals having identifiable and stable sources of income


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Introduction

Nepal is agricultural country. About 65% of the population of the country depends on agriculture for their livelihood and agriculture is the main source for international trade. This product is designed for financing for focus to cater the rural and semi urban farmers, who have creditworthy plan, passion and honest attitude and lacks sufficient capital to materialize their dream. In fact, a combined target for lending is focus on providing loan to agriculture sector with the provision of subsidy as already prescribed by NRB.



  • This loan may be granted to already established firms/Partnership firms/company/institutions or to new established firms/company/institutions or production/manufacturing units involved in agricultural products.
  • Wholesaler, importer, dealer, stockiest of fertilizer, seeds etc.
  • Entrepreneurs engaged in providing cold storage facilities.


Purpose

To facilitates professional.

Eligible Professional

Chartered Accountant, Doctor, Engineer, Lawyer, Banker, PHD holder, Government Permanent Job holder etc.

Loan Amount

Lower limit and upper limit of loan shall be NPR 300,000 and 1,500,000 respectively.

Nature

Non- Revolving however can be revolving up to 500,000

Disbursement

The loan shall be disbursed as a Term Loan. However loan up to 500,000 can be disbursed as a revolving nature.

Principal Repayment

-          In case of term loan- Equated Monthly/Quarterly installment.

-          In case of OD loan- Full within Expiry or can be renewed on satisfactory performance.

 

Interest Repayment

-          In case of Non Revolving- On installment date

-          In case of Revolving- Monthly/Quarterly

Tenure

Maximum 5 years

Security

Personal Guarantee and as specified by NRB on time to time.

Introduction

Professional are the most valuable client and plays the vital role to build and change the nation. They directly or indirectly affect the country economy. JBBL already lunched the JBBL PROFESSIONAL LOAN.



  • Doctor
  • Engineer
  • Lawyer
  • Chartered Accountant
  • Banker
  • PHD Holders
  • NGO/INGO
  • Government Permanent Job Holder


Purpose

To facilitates professional.

Eligible Professional

Chartered Accountant, Doctor, Engineer, Lawyer, Banker, PHD holder, Government Permanent Job holder etc.

Loan Amount

Lower limit and upper limit of loan shall be NPR 300,000 and 1,500,000 respectively.

Nature

Non- Revolving however can be revolving up to 500,000

Disbursement

The loan shall be disbursed as a Term Loan. However loan up to 500,000 can be disbursed as a revolving nature.

Principal Repayment

-          In case of term loan- Equated Monthly/Quarterly installment.

-          In case of OD loan- Full within Expiry or can be renewed on satisfactory performance.

 

Interest Repayment

-          In case of Non Revolving- On installment date

-          In case of Revolving- Monthly/Quarterly

Tenure

Maximum 5 years

Security

Personal Guarantee and as specified by NRB on time to time.

Introduction

Small and medium enterprises in Nepal form an integral part of the economy. These sectors have a vast but untapped credit requirement in the banking sector. This product paper is designed in such a way that such borrowers can avail such requirements in SME category in the form of overdrafts and term loan according to their requirements. The target customers in this products would be small family businesses including retailers, wholesalers, distributors, cottage and small scale manufacturing/processing units, exporters, importers, contractors, suppliers, workshops, fabricators, educational institutions, medical/health facilities, travel/tour operators and service sectors.



For SME OD Loan
PurposeFinancing on working capital requirement of business
Financing RatioMaximum of 70% of current assets
NatureRevolving and Renewable
DisbursementLimit is provided on the account and borrower can widthdraw the account within limit as per needed
Principal RepaymentFull within Expiry or can be renewed on satisfactory performance
Interest RepaymentOn monthly/quaterly basis
TenureMaximum one year period


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