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Required Documents:
Based on the standard practice and experience, the banks can request some or all of the following documents:
- Application Form
- Valid proof of Applicant’s Identity ( E.g.: Citizenship/ Passport)
- Passport size photographs of the applicant, the guarantor(s)
- Loan request details ( How much you need/ How the money will be used/ Loan Period)
- Audited Financial Documents (Balance Sheet, Cash flow Statement, Income Statements)
- Business Legal documents ( Business Registration, PAN Registration Certificate)
- Tax Returns (Personal and Business)
- Business Plan
- Bank declarations (Issued by the customer’s bank stating their account number and balance)
- Other documents specified by the Bank from time to time
List of Banking Products offered by Commercial Banks:
| Bank’s Name | Details of SME Loan |
|---|---|
| Agriculture Development Bank-SME Loan | https://www.adbl.gov.np/adbl_sme-loan.html |
| Global IME Bank - SME Loan | https://globalimebank.com/sme-loan.html |
| Nabil Sajilo Express Karja | https://nabilbank.com/index.php/business/institutional-banking/products/nabil-sajilo-express-karja.html |
| NIC Asia Bank- SME Loan | https://www.nicasiabank.com/sme/products-of-sme |
| Laxmi Bank-Sana Byabasai Karja | https://www.laxmibank.com/loan/sana-byawasai-karja/ |
| NMB Bank – SME Loan | https://www.nmbbanknepal.com/corporate--business/SME-MSME-AGL |
| Everest Bank-SME Loan | https://www.everestbankltd.com/product-and-services/loan-products/sme-loan/ |
| BOK-SME Loan | https://www.bok.com.np/services-products/small-business-finance |
| Mega Bank-SME Loan | https://www.megabanknepal.com/page/mega-sme-loan |
| Prime Bank-SME Loan | https://www.primebank.com.np/loans/sme |
| Nepal Bank-Business Loan | https://nepalbank.com.np/content/corporate-loans.html |
| Nepal SBI SME Loan | https://nepalsbi.com.np/content/sme-loans.cfm |
| Himalayan Bank-SME Loan | https://himalayanbank.com/business/loan/small-medium-enterprises-loan-business |
Apart from commercial banks, there are other financial institutions such as Development Banks and Finance Companies that can meet an entrepreneur’s funding needs. Similarly, most Micro Finance Institutions (MFI) provides business loans to individual entrepreneurs up to 5 lakhs with collateral and up to 3 lakhs without collateral.