About SME
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
- Business Registration
- Memorandum of Associations(MOA)/Article of Associations(AOA), Board Resolutions as applicable.
- PAN/VAT Registration
- Land Ownership Certificate (Lalpurja)
- Building Completion Certificate as applicable.
- Four Boundaries Certificate (Charkilla), Blue Print, Trace Map etc.
Loan Limits
Funded and Non - Funded Facility: Rs.3,00,000 to Rs. 5,00,00,000.
Types of Loan under SME:
- Overdraft
- Short term loan
- Demand loan
- Long Term Loan
- Bridge Gap Loan
- Trade based facilities (Trust Receipt, Import Loan etc.)
- Letter of Credit
- Guarantees, etc.