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NBL Sewagrahi Loan

This loan is provided to the staffs working in firm/company/institution who have business relation with Nepal Bank Ltd. For this loan, MOU is done between concerned firm/company/institution and bank.

Eligibility

  • Borrower, guarantor, and related person must be Nepalese citizen.
  • Firms/ company is not allowed to entertain this loan.
  • Memorandum of Understanding between Related company/firm and bank will be done before providing loan to their employees.
  • Terms and condition of the loan will be defined into the MOU.
  • Borrower/employee must be at least 21 years and below 58 years or retirement age before the maturity of the loan.
  • Employee must have PAN number.
  • Employee must be working from last 3 years.
  • Job related verified documents must be obtained.

Loan terms

  • Sewagrahi Overdraft loan: For period of one year and subject to annual review/renew.
  • Sewagrahi Term loan: Upto 5 years period or retirement age of borrower whichever is lower.

Document required:

Identification Related

  • Personal identification of borrower, guarantor and all related persons.
  • Photographs of borrower and guarantor.
  • Family details of the borrower verified by loacal authority.

Collateral related

  • Memorandum of Understanding between Related company/firm and bank will be done before providing loan to their employees.
  • Terms and condition of the loan will be defined into the MOU

Income related

  • Salary certificate with 6 month bank statement.
  • Job appointment letter.
  • Verified Job terms and condition and related documets must be obtained from related firm/company.