Home | Company Profile | Interest Rate | Services | Procedure | Dividend | Our Achievements | Contact Us

Procedure to get new Loan

Minimum Qualification Required

To get the new loan, the minimum qualification required is as follows:

§       Should be Nepali and posses Nepali Citizenship Certificate.

§       The age limit is above 18 and should not exceed 70 years. But to give collateral, the age above 70 does not matter.

§       The collateral should be acceptable to the company. The collateral in the name of minor will not be accepted but the collateral bought in the name of minor along with the name of the caretaker (guardian) will be acceptable.

§       The loanee should have regular source of income to repay the installment on time.

§       Trustable and reliable to the company.

§       Ability to utilize the loan for mentioned purpose.

Documents Required

The company will give decision within 3 working days after the submission of loan application form along with the required documents. The documents required to be included are as follows:

For Loan up to 3 lakhs

1. For business/ Industry loan, PAN Registered certificate (firm registered certificate if firm is registered.)

2. For housing loan, the documents of architectural design map of building approved from the municipality.

3. For hire purchase loan, the quotation of the purchasing vehicle and photocopy of Lal Purja (landlord registration certificate).

4. Photocopy of Citizenship certificate of loanee as well as that of owner of collateral.

5. Photocopy of Field Map, Lal Purja, property tax, char killa of the collateral land/building.

6. Recent Passport sized photo of the loanee.

 For Loan up to 10 lakhs

Besides all the documents mentioned for loan up to 3 lakhs, the following additional documents is required to be submitted: 

1. For business/ Industry loan, firm registered certificate.
2. Stock inventory detail of business/ industry.
3. Net annual saving with detailed annual income/expenses.

For Loan above 10 lakhs

Besides all the documents mentioned for loan up to 10 lakhs, the following additional documents is required to be submitted: 

1. Details regarding what to buy or for what purpose the loan amount will be utilized should be submitted.

2. For business/ Industry loan, scheme including the turnover from this loan; annual income; net savings after deducting all the expenses and the loan repayment schedule and period should be submitted.

3. Equity details for which purpose how much amount invested should be separately presented.

 Note:

If the loan demanded firm is partnership firm, photocopy of partnership deed should also be submitted along with the application form.

For Private limited companies, the following documents should also be submitted along with the application form:

Copies of memorandum and articles of association and prospectus and the brief introduction, address and name of the present directors of the company. Photocopy of minute regarding loan to be taken, whose land will be kept as collateral; decision making rights on documents of bond authorized person of the private limited should be submitted.

[ Home ] [ Next ]

Send mail to nafil@wlink.com.np with questions or comments about NAFIL.
Last modified: 02/05/07 >>>Designed by: NAFIL Staffs