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Forex Rate

Currency Code Unit Cash Below Deno 50 Cash (Deno 50 and above) and Non Cash Selling
US Dollar USD 1 101.74 102.25 102.85
Euro EUR 1 119.37 119.97 121.17
British Pound GBP 1 136.11 136.79 138.16
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Credit Facility against Cash Near Cash Securities

For providing Fund-Based and Non-Fund Based credit facility against cash or near cash securities as collateral.

Eligibility

  • Fund Based Facility
    • Individual or joint applicant
    • Firm/Company
  • Non-Fund Based Facility
    • In case of Letter of Credit:
      • Registered firm/company
  • In case of Bank Guarantee:
    • Individual or joint applicant
    • Firm/Company
  • Security should be in the name of:
    • Applicant
    • Proprietor or his/her immediate family member (parents, spouse, children) in case of proprietorship firm
    • Partner/s or his/her immediate family member (parents, spouse, children) in case of partnership firm
    • Promoter/s, Director/s or his/her immediate family member (parents, spouse, children) in case of Private/Public Limited Company

Loan Amount

Loan amount should be ≤ 90% of the own deposit / Government Securities.

Tenure

Credit facility shall be valid up to one year or the maturity date of Deposit / Government Securities, whichever is lower.

Repayment

Interest payment due date shall be on every quarter end as per the Nepali Calendar.

Basic Documentation

  • In case of Individual
    • Loan Application.
    • Citizenship and recent photograph of the applicant.
    • Diagrammatic location of the applicant’s residence.
  • In case of Firm/Company
    • Loan Application.
    • Citizenship and recent photographs of proprietor/partner/directors/authorized person.
    • Renewed Firm/Company registration certificate.
    • PAN/latest tax paid receipt.
    • Diagrammatic location of the proprietor/partner/director/authorized person’s residence.
    • Board minute to avail credit facility, where applicable.
    • MOA/AOA permitting availing credit facility from Bank, where applicable.
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