Term Loan

We provide term Loan facilities to create fixed assets.

13.00%

-

15.50%

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Get an idea of your repayments and rates using our Himalayan Bank calculator. The results will be based on the

representative APR for the amount you enter. Your actual rates and repayments will be based on your personal

circumstances, the loan amount and the repayment term.

Amount

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the same every month

total amount payable

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helpful documents

Shareholder/ Promoter Related

Citizenship Certificate of proprietors/ shareholders & FAC owners

Two Passport size photographs


Company Related

Latest Tax Clearance Certificate of Associated Firm/Company

Latest Tax receipt of Fixed Asset Collateral (FAC)

Firm/PAN/VAT Registration of Associated Firm/Company

Audited Financials of last two years

Projected Financials of minimum 3 years for availing working capital facilities and up to 10 years for availing Fixed Term Loan facilities

Latest Net Trading Assets (NTA) – details related to Stock, Receivable and Payable including loan outstanding with other Banks & Financial Institutions

Articles of Association/Memorandum of Association in case of Private Limited company

Board minute in case of Private Limited Company/ Public Limited Company

Share holding pattern duly certified by Company Register in case of Private Limited/ Public Limited Company

Partnership Deed in case of Partnership Firm


Fixed Assets Collateral Related

Property Title Deed

Blue Print of Cadastral Map

Trace Map

Legal heir Certificate of land owner (Relationship Certificate)

Certificate of local government office regarding information of Boundaries

Other

Duly filled Basic Information Sheetin the given format


Besides above documents, additional documents may be required on case to case basis as required by the bank management

FAQs

  • Loan provided to create the fixed asset for manufacturing /service/trading and to meet working capital requirement to run the business units. Manufacturing units, Hospitals, Schools, Hospitals, Importer/traders can avail this loan.

  • Funded Loans are like Fixed Term Loan, Hire Purchase Loan, Overdraft Loan, Demand Loan, Trust Receipt Loan in which the fund of the Bank is directly used.

    Non-Funded Loans are like Letter of Credit, Bank Guarantees in which the fund of the Bank is not directly used; but there is obligation of the Bank to repay the amount in case of default by the client/applicant. In case of default by the client, Bank has to repay the amount converting the non-funded exposure to funded exposure (forced loan).

  • The fund required on re-curring basis is known as revolving fund and the fund required for certain time only is known as non-revolving fund. Overdraft, Demand Loan (revolving), Trust Receipt Loan are the examples of Revolving Loan and Fixed Term Loan, Hire Purchase, Seasonal Working Capital Loan are the examples of Non-Revolving Loan.

  • If you run a small shop, you may most likely fit in Retail/SME than in Corporate. Based on your requirement you may fit in Corporate banking as well.

  • You may apply in your nearest branch of Himalayan Bank Ltd. There are currently 42 branches of Himalayan Bank Ltd. all over Nepal with 16 branches within Kathmandu Valley. You can visit our website www.himalayanbank.com for the detail of our branches along with addresses, contact numbers and name of concerned Branch Manager.

  • We finance in manufacturing, service and trading sectors.

  • We will accommodate your requirement irrespective of loan size if the project is feasible; through sole financing or formation of consortium as required.

  • The eligibility of Corporate loan is determined based on turnover, income provided to the Bank and the loan size.

  • Based on your nature of requirement and loan amount, processing time may vary. Once the complete documentation is submitted to the branch, loan can be sanctioned within two weeks.

  • Besides the primary security like hypothecation of stock with insurance coverage and assignment of receivables for working capital loan, you will have to provide Fixed Asset Collateral (land and building) owned by the company/promoter (s) or the immediate family members of the promoter(s) and Personal Guarantees of the promoters/Directors.

  • Bank Guaratnee is the undertaking from the Bank that the Bank will make payment to the beneficiary at its request upon default by the applicant. The Guarantees are provided for bidding (Bid Bond), carrying out projects (Performance Bond), receiving advance to carry out the project (Advance Payment Guarantee), to customs (Custom Bond), etc.

  • Letter of Credit is the undertaking from the Bank that it will make payment to the beneficiary Bank as per LC terms (at sight or after usance period) if the document received is clean.

  • Packing Credit Loan is provided to the exporters for working capital financing (for purchasing/ importing raw material and converting the same to finished goods) against the export LC received by the Bank. The same has to be settled from the export proceeds.

  • Since, it takes certain time to receive the payment after the goods are exported, financing is provided to the exporter against the export documents to meet the immediate requirement of the fund. This post shipment loan has to be settled upon receipt of export proceeds.

  • Trust Receipt loan is provided for post import financing. The customer may not be able to make entire payment to the beneficiary at the time of LC document retirement. Hence, the financing in the form of Trust Receipt is provided for working capital financing. The loan has to be settled upon receipt of the fund/cash after completion of cash conversion cycle.

  • Trust Receipt loan is provided for post import financing. The customer may not be able to make entire payment to the beneficiary at the time of LC document retirement. Hence, the financing in the form of Trust Receipt is provided for working capital financing. The loan has to be settled upon receipt of the fund/cash after completion of cash conversion cycle.

Expression of Interest Section