Facility/Product Type
Demand Loan and/or Overdraft Loan
NIC ASIA GOLD LOAN
NIC ASIA BANK offers Gold Loan where customers can avail loans against gold or gold ornaments to meet the financial requirement. Bank also provides financing facility to purchase the gold or gold ornaments from selected gold shops which shall be subsequently pledged in favour of the Bank.
Loan Amount
- Minimum Loan Amount: NPR 1,00,000
- Maximum Loan Amount: NPR 5 million
Loan Tenure
- Demand Loan/Overdraft Loan- 1 year (Renewable)
- Term Loan- maximum 5 years
Interest Rate
Average Base Rate + Premium (1% to 3%)
Interest rate shall be as published by the Bank from time to time
Bank Financing
Against Fine Gold Bar and Gold Coin-Hallmark 99.9% and 99.5% pure Gold:
Not exceeding 80% of the Fair Market Value of the Gold as determined by Gold Tester derived after haircut.
Against Gold Ornaments:
Not exceeding 70% of the Fair Market Value of the Gold as determined by Gold Tester derived after haircut.
Eligibility
- Minimum 18 years
- Maximum 80 years ( at time of maturity)
Fees and Charges
As per Bank charges (Click Here)
*Note: All other terms and conditions shall be as guided by Bank’s Policy. In addition, to above mentioned parameters the Bank can analyze other details too, where deemed necessary.
