Deprived Sector Loan (Institutional, Business Firm/Company, Individual)
Purpose Financing on business and/or low cost housing under deprived sector as defined by NRB.
Financing Ratio: Up to 80% of the required fund on deprived sector business.
Nature May be revolving & renewable and also non-revolving & non-renewable as per nature of the business.
Disbursement Fully or partially on the nominee account as per the nature of the loan.
Principal Repayment (i) Lump sum within expiry in case of revolving nature of loan.
(ii) In equated installment basis (EMI/EQI) in case of non-revolving nature of loan.
Interest Repayment: On quarterly basis or on installment payment date.
Security: In case of BFIs, Assignment of Receivables & Corporate Guarantee
In case of Business Firm/Company/Individual, at least 150% security coverage of mortgaged property/hypothecation/titleship on assets.
Tenure: One year for revolving & renewable and maximum five years for installment basis loan.