Machhapuchchhre Bank Limited provides Loans against following security(s):
National Saving Bond (NSB)
Financial Guarantee of Banks
Financial Guarantee of reputed Finance Companies
Own Fixed Deposits (FD)
Other Bank's Fixed Deposit (FD)
Development Bond (DB)
Foreign Currency (FCY) / Local Currency(LCY) Deposits
Purposes of Loan :
Business Purpose ( Industry and Trade)
Housing / Hire Purchase
Education / Professional
Personal / Consumption
Loan Amount : 90 percent of the face value of security
Interest Rate :Click Here for attractive interest rates.
Repayment :
In the case of Loan against NSB, DB, FD and FCY/LCY Deposits, the loan can be repaid at the time of maturity or security or in convenient installments, as appraised and agreed to at the time of approval.
In the case of loan against Guarantees, repayment should be in monthly installments or revolving, borrow, repay or reborrow and repayment must complete within the expiry date of such guarantee.
Other Features :
No Loan processing fee.
No charge on part pre-payment.
The borrower must be at least 21 years of age and the loan must be terminable before you reach the age of 60 years.
The loan is available to those practicing in urban area with minimum 2 years professional experience.
Response Time : The loan will be approved within 48 hours, if the application is complete in all respects.
Other terms and conditions will be as decided by the bank from time to time. For more details, please contact to Credit Department in any branch of Machhapuchchhre Bank Limited.
