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), 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.