Loan for Small and Medium Entrepreneurs (SME)
Loan for Fixed Assets (For require materials (commodities), machineries for the industries, construction, renovation expansion of restaurants etc.)
- At least 6 months of working business
- 30% down payment of material
- Remaining 70% will be borne by NATIONAL FINANCE COMPANY LIMITED
- Monthly pay back interest
- Interest rate 24% per annum
- Duration 2 years
- Pledge properties will be land and building and fixed assets purchase with the loan
SME Term Loan (Loan based on expansion of business)
- At least 2 year and above working business
Requirement for Company
- Company Registration
- Company Profile
- Form E, Form VI, Form XXVI
- Copy of NRC and House Hold Registration of Share Holders
- Meeting Decicions
- Memorandum of Association, Article of Association
Preparing for Pledge Assets
- Form 105, Form Io6 Land record
- Grant-land related documents
- Copy of grant-land
- Affidavits
- Photographs of pledged asset (front, back, left, right, interior)
- Fire insurance policy
- Amount of Loan and duration will be firmed by NATIONAL FINANCE COMPANY LIMITED
- Duration 2 years
- Interest Rate 24% per annum
- National owned company
- Require 1 storey RC building and Land
Requirements
- Business License
- Business background and plan for future bussiness
- List of material to be purchased
- Copy of NRC/ House Hold Registration
- Financial statement for previous 2 years and estimated profit/ loss statement for forthcoming year
- Income tax levied for previous 2 years
- Water/ Electricity/ Land bills
- Fire Insurance policy
- Monthly Bank statement of business
- Photographs of business(front, back, left, right, interior)
- Certificate from Health Ministry for food production
