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.

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

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

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

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.