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Loan against first class Bank Guarantee

Loan against first class Bank Guarantee

  • The bank will extend various funded as well as non funded facilities against unconditional guarantee issued by the World Bank, Asian Development Bank and International Finance Corporation including multilateral institutions and internationally rated Banks (Banks included annually in the list of TOP THOUSAND WORLD BANKS of “The Banker’) and/or acceptable guarantees issued by the banks in line with NRB Directives issued from time to time.
  • For banks, outside Nepal, the Bank shall accept guarantees issued by only top 1000 banks as rated by the latest July issue of ‘The Bankers’ magazine each year.
  • A margin of at least 10% to be maintained on guarantee amount.
  • Interest payable on quarterly basis, as per Nepalese calendar.

Rate of Interests: Premium of 1% to 5 % p.a. over the Base Rate.