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), BluePrint, 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:

  1. Overdraft.
  2. Short term loan.
  3. Demand loan.
  4. Long Term Loan.
  5. Bridge Gap Loan.
  6. Trade-based facilities (Trust Receipt, Import Loan, etc).
  7. Letter of Credit.
  8. Guarantees, etc.

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