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Working Capital Loan
In order to cater to the diverse and varied business requirements of our clients, we offer wide range of credit solutions with the aid of our world class technology platforms. Working capital needs of the business will be funded under working capital loan. The funding will be made based on the actual needs of the business. The intended business house should submit the proposal for working capital loan. This loan will be granted based on the proposal and will take a form of an overdraft.
Our team of dedicated Relationship Managers is fully committed to understand your business needs and be a partner in your long term growth. We believe in a long term mutual relationship with our clients by offering a wide range of customized credit solutions.
Who Can Apply
Our team of dedicated Relationship Managers is fully committed to understand your business needs and be a partner in your long term growth. We believe in a long term mutual relationship with our clients by offering a wide range of customized credit solutions.
- Proprietary concern,
- Partnership firm,
- Small / Medium Business (not covered under Kist Udhyamshil Karza)
- Corporate,
- Multinational Corporations.
- To meet the day to day working capital requirement
Salient Features
- Financing of 70% of the working capital requirements.
- Minimum loan NPR. 2,00,000 and Maximum loan NPR. 20 Million.
- Maximum loan tenure of 1 year.
- Interest Rate 15.00% p.a. - 17.00 % p.a.
- Management Fee of maximum 1% of the sanctioned amount.
- Interest payable on quarterly basis and principal at maturity.
- Tailored to your business needs
Documents Required
The list below is a very comprehensive list of paper; however some of the documents listed below may not be relevant in some cases.Identification Documents
- Copy of certificate of incorporations certificate of registration issued and prevailing laws for incorporation and registration of corporate entities. Similarly if applicant is an individual copy of citizenship certificate.
- Copy of licenses to commence business (if any ) required under prevailing law
- In case of partnership firm along with the registration documents, the partnership deed clearly specifying for bank borrowing and partners /officials authorize for bank transactions need to be submitted.
- In case of company, the AOA & MOA with board resolution need to be submitted. The board resolution need to clearly specify to open account with Kist, authorized person to operate account, borrowing the loan from Kist & specify the authorized person for loan transaction. If the company is seeking loan amount more than its paid up capital, the special resolution approved by company AGM need to be compulsorily submitted.
- The income tax clearance & renewed valid firm registration documents, PAN/VAT, will only be considered.
- Citizenship certificate or Passport of Board of Directors/Partners
- Resume of the major promoters/ Board of Directors/Partners with highlighting of his technical qualification business experience and expertise
- Personal net worth and family detail of Board of Directors/Partners
- Completed loan application form
Financial Reports
- Preferably audited financial for at least one year for Pvt. Ltd., management prepared or audited with signed financials of minimum one FY for Proprietorship / Partnership Firms. Detail project report for the new unit to be established with projected financials up to loan tenure. However, Financials of last 3 years needs to be obtained if the unit is operations for more than 3 years.
- Business plan/proposal report.
- Stock report, receivables report, payables report and bank outstanding report in case of existing firm.
Documents related with real estate collateral to be mortgaged Title Deed (Lalpurja)
- Copy of land transfer deed (Rajinama)
- Recent land tax payment receipt from malpot office (Tiro tireko rashid)
- Blue print of cadastral map (Napi Naksa) certified by Napi Office
- Copy of boundary demarcation certificate (Char Killa Pramanit from ward office/VDC)
- Original and copy of approved structure design (Naksa Pass) from Municipality or VDC.
- Certificate of “Construction Completed” certificate (Nirman Sampanna) from concerned Municipality and or VDC in case of ready built house to be mortgaged.
- Wealth tax payment receipt of the borrower
- "No objection Letter"(NOC) (Manjurinama) from legal hires of owner of the company/Institution mortgage of the property(ies)
- Relation certificate issued by local authority.
Other Benefits
- Anywhere banking at any of our 51 branches
- Above 80 ATMs to meet your cash requirement no matter where you are located.
- 365 days banking from Main Branch, Anamnagar.
- 24*7 convenience at no charges with Kist Mobile Wallet
- Clearing House Facility.
- Free ABBS Facilities.
- Free SSB Debit Card.
- Avail of facilities like Safe Deposit Locker.
- Instant Alerts facility
- Utility & Merchandise bill payment
- Nepal Telecom recharge card procurement
- SMS Banking facility
- E-Banking facility
