Agri Loan

SME Loan

We know that any small business needs a firm financial base, whether you are starting a new business or already running. IME Co-Operative Service Ltd strives to provide small to medium enterprises with a complete financial solution to maximize your business growth. We act as your partner to help support and grow your business.


Features and Benefits:

  • Competitive Interest rates.

  • Flexible tenor: Maximum up to 15 years on instalment basis. 

  • Counselling to help better financing by our Relationship Managers throughout the process.

  • Loan processing fee: 1% of the loan amount

Eligibility
  • Small and medium scale industries (carpet, garment, pashmina, handicraft etc); Trading sector (wholesaler & retailers/distributors, import and exporters), service sector (cargo/ freight forwarders, travel/ tour/ ticketing agencies, hospital/ polyclinics, educational consultancies etc.) and any other sector

  • Firm/ company owned by Nepalese individual registered in concerning government authorities / municipality / VDC. 

  • Business is in operation at least for last six months for new venture after registration in concerning government authorities/ municipality/ VDC. 

  • Minimum 2 years of profitable operation or the new business to be established by the key person who has minimum 2 years of experience in the similar business. 

  • Swapping of loan is subject to the satisfactory debt servicing to concerning banks/financial institution 

  • Primary security: Hypothecation of stocks, assignment of current assets, bills and receivables of the business. 

  • Secondary Security: Acceptable Fixed Assets Collateral. 

  • Maximum loan amount up to Rs.10 million for both funded and non funded loan / facility.

Documents Required
  • Loan application form duly filled and signed in standard format of the CSL.

  • Photocopy of citizenship certificate of applicant, guarantor. 

  • Name of the family members 

  • Current account in the name of the borrower 

  • Name of the sister concerns 

  • Photocopy of Firm / company Registration 

  • Photocopy of article of association and memorandum of association and board resolution 

  • Net-worth declaration statements. 

  • Stock report, account receivables and payables 

  • Photocopy of land ownership certificate 

  • Financial statement of last three years either audited or management prepared 

  • Original blue print of the land 

  • Photocopy of construction completion certificate from Municipality/VDC (Nirman Sampanna Pramanpatra). 

  • Photocopy of four Boundary Disclosure (Char Killa) from ward office of the land/building to be placed as collateral. 

  • Photocopy of latest land revenue receipt (Malpot Receipt) and tax clearance receipt of the building to be placed as collateral 

  • Photocopy of Tax/PAN/VAT certificate along with registration certificate 

  • Photocopy of land/housing Transfer Deed (Rajinama) 

  • Original letter stating coheir (Anshiyar) of the owner of the collateral from local authority (Ward) 

  • Other documents stipulated by the organization from time to time
 

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[ Feb 14, 2019] View All »

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