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.
Industrial/Manufacturing unit, Retail/Wholesale Trading unit, Various Service Sector such as Education, Health, Hotels & Restaurants, Construction and Contractors, Travel & Tours, Transportation, Automobiles, Agriculture and other Private Businesses etc. (whether running entity or new) can avail various facilities (funded and non-funded) to meet their short-term and long-term financing requirements.
Other features of SME Loans
Easy repayment options
Attractive rates of interest
Fast, fair and flexible processing
Minimum Required Documents:
Audited & Projected Financial Statements.
Citizenship Certificate of Proprietors, Partners, Directors as applicable
Memorandum of Associations(MOA)/Article of Associations(AOA), Board Resolutions as applicable.
Land Ownership Certificate (Lalpurja)
Building Completion Certificate as applicable.
Four Boundaries Certificate (Charkilla), Blue Print, Trace Map etc.
Funded and Non - Funded Facility: Rs.3,00,000 to Rs. 5,00,00,000.
Types of Loan under SME:
Short term loan
Long Term Loan
Bridge Gap Loan
Trade based facilities (Trust Receipt, Import Loan etc.)