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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. The institutions shall be listed with the bank from time to time on the recommendation of branch/marketing/central credit approval department and with the approval of CEO. The criteria and guidelines of the listing shall be framed and implemented by the approval of the CEO.However, in both cases consent or recommendation from the companies/organizations/institutions shall be obtained. 

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

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.

Required Documents

  • Loan application form duly filled up with photograph of the borrower
  • Citizenship or passport.
  • Professional Membership Certificate, if applicable.
  • Character   Certificates     &         Certificates     showing          academic qualification of respective professional degree.
  • Personal PAN issued by IRD.
  • Salary Certificate.
  • Bank Statement and/or PAN statement for the verification of income source of the borrower.
  • Full residential address.
  • Net worth statement.
  • Multi banking declaration.
  • Any other information/document, which may be necessary, as per the requirements of each.

Basic Criteria for Apply:

  • The age limit of the applicant to be 18-65 years.
  • The age limit of the borrower for repayment of loan should not exceed 70 years
  • The applicants should have sufficient regular income to service debt obligation (Installment or Interest). Their income should have been reflected in the PAN statement or any of the bank statements of the last six months. However, current salary certificate substantiating the income needs to be obtained.
  • The income of proprietorship firm or single man company owned by the borrower and engages in the related profession can be assessed as the income of the borrower.

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