Types of Loan Products

1. Non-Collateral Based Loans

General Loan
This is a summary of the terms for a General Loan. The maximum amount a borrower can receive is Rs. 7,00,000, and the loan must be repaid within a maximum period of 3 years. 

Seasonal Loan
Tailored for members engaged in seasonal enterprises such as agriculture or festival-based businesses. The maximum limit is Rs. 1,00,000, repayable within 2 year. 

Center Fund Loan
Provided to meet urgent financial needs such as medical expenses, family welfare, or other unforeseen emergencies. The maximum amount available is Rs. 20,000, with a repayment term of 1 year.

Micro Enterprise Loan
The Micro Enterprise Loan is a financial product specifically tailored to support small-scale businesses. It offers a generous maximum borrowing limit of Rs. 7,00,000 to help micro-businesses fund working capital, purchase equipment, or undertake expansion projects. The loan provides a flexible repayment period of up to 5 years .

Subidha Loan
The Subidha Loan is a specialized, low-limit credit facility with a maximum amount of Rs. 1,00,000 and a maximum tenure of 3 years. Its most distinguishing feature is that it is strictly reserved as a loyalty benefit, only becoming available to a member who has completed 12 years of membership.

Housing Loan
It has a maximum borrowing limit of Rs. 1,00,000 and a short maximum repayment period of 2 years. This loan is likely meant for minor home repairs and renovations .

2. Collateral Based Loans

Mansuhi Collateral Loan
This loan is issued against land ownership documents or other acceptable collateral. Members can borrow up to Rs. 15,00,000 for a maximum of 10 years.

Loan Summary Table

Additional Notes

• Service Charge: Applied as per the latest Nepal Rastra Bank circular.

• Penalty on Overdue Principal:

  • Above 30 days overdue: 2% on overdue principal