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.