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SME Loan [Back]

Global IME SME Loan

!! Flexible financial solutions for business operation and expansion. !!

Global IME Small and Medium Enterprises (SME) Loan

Our SME Loan enables you to meet your unique business requirement.

Purpose:

 
  • Financing for small business facilities and commitments
  • Working capital financing
  • Financing term loans and leases e.g. auto loan, hire purchase etc. 
  • Purchase of loan from other banks and financial institutions
  • Financing for capital expenditure (in the form of Fixed Term Loan)
  • Financing for trade related facilities like LC/TR and non-funded facilities like bank guarantee etc.


Features and Benefits:

  • Competitive premium rates
  • Fast approval process
  • Prompt services
  • Facility available in all branches
  • Flexible tenor: Maximum up to 15 years on installment basis for term loan and 1 year for working capital loan. 
  • Counseling to help better financing by our Relationship Managers throughout the process
 

Eligibility:

  • Small and medium scale industries (carpet, garment, pashmina, handicraft etc); Trading sector (wholesaler and retailers/distributors, import and exporters), service sector (cargo/freight forwarders, travel/tour/ticketing agencies, hospital/polyclinics, educational consultancies etc.) and any other sector
  • Firm/company owned by Nepalese individual registered in concerning government authorities.
  • Business is in operation at least for last six months for new venture after registration in concerning government authorities or key persons having experience in the proposed line of business.
  • Minimum 2 years of profitable operation or the new business to be established by the key person who has minimum 6 months of experience in the similar business.
  • Purchase of loan is subject to the satisfactory debt servicing to concerning banks/financial institution
 

Security

  • Primary security: Hypothecation of stocks, assignment of current assets, bills and receivables of the business.
  • Secondary Security: Registered mortgage of land and building, FD Receipts; Cash Margin; Government bond; Lien on current/saving account.  
  • Additional security: Shares of different companies / Banks/ Financial Institutions.
  • Insurance of building for the total value and Insurance of stocks endorsed in the name of the bank.
 

Documents Required

Registration Related Documents:

  • Copy of registration certificate issued by Company Registrar's office/ office of commerce / office of small & cottage industry & PAN Certificate.
  • Copy of Article of Association
  • Copy of Memorandum/partnership deed as applicable.
  • Copy of TAX /PAN / VAT Registration/renewal certificate.
  • In case of requirement of specific permit/license to operate the business, same should be obtained from the concerned ministry/department.
  • Share Holding pattern certificated by Company registrar's office.


Collateral / Property Related Documents:
 
  • Copy of Ownership Documents of property (Lalpurja).
  • Copy of Land Revenue Payment Receipt (Tiro Rashid) - most recent.
  • Copy of ownership transfer document (Rajinama / Bakaspatra etc.)
  • Cad-astral map (blue-print map).
  • Certification of 4 corners (Chauhaddi).
  • Copy of Building drawing approved by concerned authority *building construction completion certificate ( in case of Building)
  • Any other documents related to property as applicable


Other Documents:
 
  • Certified true copy of Board Minute to obtain loan.
  • Citizenship & photographs of directors/proprietors/partners and personal guarantors.
  • Loan application firm duly filled and signed in standard format of the Bank.
  • Last years audited financial, three years projected financials for working capital loan. For term nature loan, projected financial to be at least for five years.
  • Name of the sister concern if any
  • Multiple Banking Declaration
  • Other documents stipulated by the Bank from time to time.

Refer to your nearest branches.

Download Business Loan Application form

 

Download File »

[PDF, Size: 131.8KB]


Note: All the above forms are in PDF format. 
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