Sme/Card Merchant Loan

Sme/Card Merchant Loan

As a step further to help establishment, growth and expansion of small and medium sized enterprises, Himalayan Bank has developed a special loan package meant just to suit small and medium sized enterprises. Business houses coming from industrial, trading and service sector can avail of this facility to meet their short-term and long-term financing needs. This could come in any form- funded or non-funded, depending on specific needs of the business enterprise

Sme/Card Merchant Loan
6 %
Interest Rate
Sme/Card Merchant Loan
9.73 %
Base Rate
Sme/Card Merchant Loan
15.73 %
Total Interest Rate

Last Updated Date: May 17, 2022

Himalayan Bank Ltd

With the vision to become a Leading Bank of the country by providing premium products and services to the customers, thus ensuring attractive and substantial returns to the stakeholders of the Himalayan Bank was established in 1993. The most recent rating of Himlayan Bank Limited by Bankers’ Almanac as country’s number 1 Bank easily confirms their claim and to become the Bank of first choice is the main objective of the Bank. The mission of this Bank is to become the preferred provider of quality financial services in the country. There are two components in the mission of the Bank; Preferred Provider and Quality Financial Services; therefore at HBL they believe that the mission will be accomplished only by satisfying these two important components with the Customer at focus. The Bank always strives positioning itself in the hearts and minds of the customers. Legacy of Himalayan Bank lives on in an institution that's known throughout Nepal for its innovative approaches to merchandising and customer service. Products such as Premium Savings Account, HBL Proprietary Card and Millionaire Deposit Scheme besides services such as ATMs and Tele-banking were first introduced by HBL. Other financial institutions in the country have been following HBL’s lead by introducing similar products and services.

Sme/Card Merchant Loan

REQUIRED DOCUMENTS


  1. Photocopy of citizenship certificate of applicant, guarantor.
  2. Current account in the name of the borrowing unit
  3. Details of the sister concerns
  4. Photocopy of Firm / company Registration
  5. Photocopy of article of association and memorandum of association and board resolution (In case of Company)
  6. Photocopy of land ownership certificate
  7. Financial statement of last three years either audited or management prepared
  8. Original blue print of the land
  9. Photocopy of construction completion certificate from Municipality/VDC (Nirman Sampanna Pramanpatra).
  10. Photocopy of four Boundary Disclosure (Char Killa) from ward office of the land/building to be placed as collateral.
  11. Photocopy of latest land revenue receipt (Malpot Receipt) and tax clearance receipt of the building to be placed as collateral
  12. Photocopy of Tax/PAN/VAT certificate along with registration certificate

Small and medium enterprises(SME) Loan

Small and medium enterprises form an integral part of the economy. These sectors have a vast and essential credit requirement in banking sectors .SME in Nepal form an integral part of the economy. These sectors have a vast but untapped credit requirement in the banking sector. Such credit requirements are either catered through the personal lending market or tapped by co-operatives. Such businesses are generally managed individuals and family run. They have a core understanding of what business they are doing but when it comes to producing financials, written business plans, etc. The accounting and financing records they keep are very simple. Due to these factors, apart from many others, they are shy and reluctant to approach banks and financial institutions to fulfill their credit requirements.

This product is designed in such a way that such borrowers can avail such requirements in the SME category in the form of overdrafts and term loan according to their requirements. These  products would be suitable for 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.

 

 

Products You May Like