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.
Looking for the option of meeting a wide variety of short and long term financing needs of your business enterprises. "NIC Asia Priority Business Loan" is provided to meet such a wide variety of financing requirement (both funded and non-funded ) of your business enterprises with the attractive features enabling fast and flexible processing and easy repayment options.
To finance working capital, capital expenditure requirements including refinance of equity and Trade based facilities.
Age of business
New Business or Existing business.
Maximum loan amount
Up to NPR 10 Million per unit.
All Funded/Non-Funded facilities as per the requirement of the customer.
Term Loan Financing only shall not be entertained and the loan must consist of a mix of Overdraft Loan/Demand Loan with a minimum of 2.5% of total limit. In the case of the Overdraft limit only it shall be allowed up to a maximum of NPR 5 Million.
Revolving facilities : Maximum of one year, renewable every year subject to satisfactory performance review; repayable on demand.
Term Loan (TL):
- Core Working Capital Financing: Up to 10 years.
- CAPEX Financing: Up to 20 years for land and building, and up to 10 years for others, including Moratorium Period for both cases.