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.
"NIC Asia Premium Business Loan" is designed to offer a wide variety of long and short term financing requirements (both funded and non-funded ) of your business enterprises with attractive features.
To finance working capital, capital expenditure requirements including refinance of equity and Trade based facilities.
Tours and Travels.
Construction and Contractors.
Other Private Business (other than those business units involved in manufacturing of Local Distillery/Local Brand Liquor).
Above NPR 10 million to NPR 50 Million per unit.
All Funded/Non Funded facilities as per the requirement of the customer.
The loan must consist of a mix of Revolving Nature Loan where the Overdraft limit shall be NPR 5 million or 10% of Total Funded Limit, whichever is higher.
Revolving facilities : Maximum of 1 year, renewable every year subject to satisfactory performance review; repayable on demand.
Term Loan (TL):
a. Core Working Capital Financing: Up to 10 Years including Moratorium Period.
b. CAPEX Financing: Up to 20 years for land and building, and up to 10 years for others, including moratorium period for both cases.