Bridge Gap Loan

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We avail Bridge Gap Loan for:
- Starting the projects in order not to lose further time of the business plan
- Pending disbursement of term or working capital loan sanctioned by the Bank or FI due to some reason

Who Can Apply
- Trading/industrial entities duly registered with appropriate department of Govt. of Nepal

Features
- Maximum up to 6 months
- Can be renewed as a special case for another 3 months
- Interest Rate of 13.00% - 16.50%

Required Document
- Loan Application along with business profile.
- Entity Registration Certificate and its renewal where required.
- Tax/PAN registration certificate and its renewal where required.
- Citizenship certificate of the Borrower, Guarantor(s), Proprietor, Partners or Directors
- Certified copy of :

* Partnership Deed in case of partnership firm.
* Memorandum and Article of Association in case of companies or
* Relevant constitution document of the borrower.
- Board resolution authorizing :
* Borrowing, execution of the security documents and Delegation of authority to the director (in case of Company)
* Consent of all partners and the power of attorney (in case of partnership firm)
* Audited Financial Statements for last 3 years and Project Financial Statement (for on-going venture)
* Business Plan
- Approval of the relative Bank or FI (Offer/Sanction Letter)

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