Employers Overdraft Loan
Employers Overdraft Loan


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.


Particulars Features
Purpose To finance working capital /regular expenses (Overhead/operational) requirement/to manage the cash flow of the employer.
Eligibility Criteria 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.
Facility/Products Overdraft.
Minimum Loan amount 2 Lakhs.
Maximum Loan amount
Number of Staffs/employees Overdraft Facility
Above 50 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) Not Applicable
Tenure Revolving facilities:
Maximum of one year, repayable on demand, renewable every year subject to satisfactory performance review and continuation of payroll account with the Bank.
Interest Rate Competitive Interest Rate. Click Here
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 the above-mentioned parameters, Bank can analyze other details too where deemed required.

NIC Asia Bank
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