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Personal Overdraft

Nabil's Overdraft Loans offers your business the comfort of having access to additional working capital for uninterrupted financial operations. The credit limits are tailored to suit general and industry-specific current asset management at competitive prices. Nabil's Personal Overdraft is the best way to manage your working capitals.

Features

Attractive & Competitive Interest Rate

Loan size of up to NPR 5 million

Annual renewable

Personal counseling throughout the process

Simplified documentation requirements

Quick approval and transparent loan processing

Loan processing from wide range of branch networks

Benefits

  • Convenient source of fund to manage payments to business units until proceeds of sales are realized
  • Revolving credit facility for the availability of funds at all times
  • Interest charged only on funds utilized
  • Continuous guidance & advisory services through dedicated relationship managers

Terms & Conditions

  • Loan to value should be 50% of the fair market value of the property or as per NRB's guidelines. LTV however shall not be more than 80% of distress value. 
  • Interest to be served on a monthly basis whereas principal to be serviced on an annual basis if not renewed at maturity/expiry.
  • The total monthly repayment obligation of the borrower should not exceed 50% of the borrower’s gross income after deducting other bank's EMI obligation if any.
  • Disclosed income must be substantiated by the transaction volume of the Bank account.
  • In case of the existence of building or construction financing, the building is to be insured against Fire, Earthquake, Terrorism, etc. as applicable with the Banker’s Clause for the full value.
  • The property proposed for the mortgage should have at least 8 feet wide motorable access. If the property is 1 ropani or above in area then 10 feet wide motorable access is required.

Fees & Charges

ParticularsCharges
Loan Administration Fee

0.75% of the loan amount 

 

Commitment Fee

0.15% of the unutilized limit

CIC Charge

On Actual Basis

All other charges as per directives issued by Nepal Rastra Bank.