Kumari Micro SME Loan

Small and medium enterprises (SMEs) are considered the backbone of a country's economy and are ladder to the development contributing significantly to a nation's economy - manufacturing, employment generation, exports, and GDP growth. Kumari MSME (Small & Micro Enterprises loan) provides financial assistance for the establishment of new enterprises and meet the financial requirements of established enterprise for their growth.

Features

Purpose: To finance working capital, administrative and expenditure requirement including trade (LC and Guarantee) micro and small business enterprises.

Loan Size – from NPR. 0.5 million to 10 million Per borrowing unit

Interest Rate and Fees

Interest Rate

Nature of Loan	Interest Rate
Term Loan	Fixed rate of 11.11% p.a. for first year from the date of disbursement The effective rate shall be RABR + 2% onwards after elapse of 1 year.
Revolving loan	The effective rate shall be RABR + 2% and remain unchanged till the settlement of the facility.

Fees:  Actual cost for CIC and STR

Loan Administrative Fees - 0.75% of the total limit on New loan and 0.15% on Renewal

Repayment Mode

on EMI/EQI Basis for Term Loan & Quarterly for Working Capital loans

Turnaround Time

Within 5 working days after submission of all required documents

Real Estate Collateral

Registered mortgage charge over Land and Building covering at least 100% of credit limit by Fair Market value