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Professional Loan

This loan scheme is specially designed for professionals working in diverse fields with a fixed monthly income and having good social standing to fulfill their financial requirement. The loan is designed such that it helps the professional overcome a liquidity crunch in times of need and avoid dipping into their savings. One of the most important features of this loan scheme is swift execution of loan process. Eligible professionals can obtain fund required within few days from the date of application for the loan. Further, the loan scheme is uncollateralized. The client does not have to go through cumbersome legal process for obtaining the required fund in dire need. To honor the contribution of all working professional, JBBL professional loan scheme has covered wide spectrum of professionals as eligible.


Eligible Professionals

Professional Accountants

  • Professional qualification of Chartered Accountancy or such other professional accounting degree from institutes (National or Foreign), being a Member of International Federation of Accountants (IFAC) and engaged in the occupation/business in Nepal. 

Medical

Professionals

  • Professional qualification of minimum of bachelor in Medicine (MBBS/BDS/Nursing/veterinary/BPH/B. Pharma etc.) from recognized university, having license from Nepal Medical Council and engaged in the occupation/business in Nepal.

Engineering Professionals

  • Professional qualification of minimum of diploma in Engineering (Civil,selectrical, software, mechanical engineering etc.) from recognized university and engaged in the occupation/business in Nepal.

Lawyers

  • Professional qualification of minimum of bachelor in Laws (LLB, BL etc. or equivalent degree) from recognized university, having license from the Nepal Bar Council and engaged in the occupation/business in Nepal.

Teaching Professionals/ Administrative staff of education institutions (like accountants, principal etc.) 

  • Person engages in the teaching profession in the recognized university as a Professor/Lecturer.
  • Permanent teacher and administrative staff of school/college/educational institutions registered with appropriate government body. For this, such institutions should have been listed with this bank for the purpose of professional loans. The education institutions shall be listed with the bank from time to time on the recommendation of branch/ marketing/ central credit approval department.

Employees of BFI’s/ Merchant Banking

  • Permanent employee having the experience of at least 3 years in such sector.

Employees of Insurance companies

  • Permanent employee having the experience of at least 3 years in such sector.

Employees of NGO/INGO 

  • Person engages in the NGO/INGO having the experience of at least 3 years in such sector. For this, such institutions should have been listed with this bank for the purpose of professional loans. The institutions shall be listed with the bank from time to time on the recommendation of branch/ marketing/ central credit approval department 

Employees of Private Limited Company/ Organization/ Institutions

  • Permanent employee of the private limited organizations/ companies/ institutions having upto 20 employees and also operating payroll account in JBBL.
  • Permanent employee of the private limited organizations/ companies/ institutions having more than 20 employees. For this, such institutions should have been listed with this bank for the purpose of professional loans. 

Purpose

This loan scheme is specially designed for professionals working in diverse fields with a fixed monthly income and having good social standing to fulfill their financial requirement. The loan is designed such that it helps the professional overcome a liquidity crunch in times of need and avoid dipping into their savings. 

Features

1. Eligibility

  • Professionals listed above having stable and fixed monthly income

2. Loan amount

  • Minimum Loan amount: NPR 3 lakhs
  • Maximum Loan amount: NPR 15 lakhs

3. Interest rate: Competitive interest rates. Click here

4. Collateral

  • Cross guarantee from another professional listed above and guarantee from spouse/or any other family member

5. Nature of Facility

  • Non Revolving: Upto NPR 15 lakhs
  • Revolving: Upto NPR 5 lakhs

6. Tenure

  • Term Loan: Maximum tenure of 5 years
  • Overdraft: 1 year subject to renew on satisfactory performance

7. Repayment Modality

  • Term Loan: EMI or EQI
  • Overdraft: Interest on OD shall be Monthly or Quarterly

Required Documents

  • Duly filled loan application form of bank
  • Photograph and copy of citizenship of applicant and the guarantors
  • Professional membership certificate, if applicable
  • Certificate showing academic qualification of respective professional degree
  • PAN Card
  • Bank statement and/or PAN statement for the verification of income source of the borrower
  • Networth statement
  • Other related documents as necessary

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