With an aim to meet the financing needs/requirements of Small and Mid-sized Enterprises(SME) and make small business loans easy, NIC ASIA Bank has designed special products with competitive pricing.
Looking for an easy and flexible to manage the financing of working capital/ regular expenses (Overhead/operational) requirement/to manage the cash flow of your business. "NIC Asia Employer’s Overdraft Loan" is the hassle-free option for the same with the attractive features enabling fast and flexible processing.
To finance working capital /regular expenses (Overhead/operational) requirement/to manage the cash flow of the employer.
1. Employer must maintain/open payroll and operating the account with the Bank. All salary and other expenses should be routed through the operating account maintained with the Bank.
2. Employer’s availing credit facility from other BFIs shall not be eligible..
Age of business
New Business or Existing business.
Minimum Loan amount
Maximum Loan amount
Number of Staffs/employees
Up to 10 lakhs
Above 25 to 50
Up to 7.5 lakhs
Above 10 to 25
Up to 5 lakhs
OD shall be provided to the institution having a minimum of 10 staff and total monthly salary to be routed through Bank shall be minimum NPR 150,000.
Loan To Value(LTV)
Maximum of one year, repayable on demand, renewable every year subject to satisfactory performance review and continuation of payroll account with the Bank.