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:

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.