With an aim to meet the financing needs/ requirements of Small and Mid-sized enterprises and make small business loans easy, NIC ASIA Bank has designed special products with competitive pricing.

"Commercial Agricultural and Livestock Loan" is a subsidized loan Product to meet the financing requirement of businesses for various agricultural and livestock purposes as per the “Procedure for the Interest Subsidy on Subsidized Loan” issued by Nepal Rastra Bank.

Features:

Particulars Features
Purpose To finance business operation and/ or capital expenditure requirement including refinancing of equity and non-funded facilities for performing loan as per Nepal Rastra Bank directive/circular.
Target Customer Persons (Nepali Citizen) /firm/Co-operatives/company/organization involved in agricultural and livestock business as per “Procedure for Interest Subsidy on Subsidized Loan” issued by Nepal Rastra Bank.
Age of business New Business or Existing business.
Maximum loan amount Up to NPR 100 Million per unit.
Facility/ Products Funded Facilities:
Term loan or revolving business loan or Mix of revolving business loan and a term loan in any ratio.
Non-funded facilities:
- Letter of Credit (LC).
- Guarantees.
Tenor of Revolving Facilities:
Maximum 1 year, renewable every year subject to satisfactory performance review.
Tenor of term loan:
Maximum of 5 years including moratorium period.
Subsidy Criteria Subsidy on pricing as circulated by Nepal Rastra Bank from time to time.

* *Note: All other terms and conditions shall be as guided by Bank’s policy. In addition, to the above-mentioned parameters, Bank can analyze other details too where deemed required.

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