As a step further to help establishment, growth and expansion of small and medium sized enterprises, Himalayan Bank has developed a special loan package meant just to suit small and medium sized enterprises. Business houses coming from industrial, trading and service sector can avail of this facility to meet their short-term and long-term financing needs. This could come in any form- funded or non-funded, depending on specific needs of the business enterprise:

Prospective Customers

  • Industrial Sector such as small and cottage industry
  • Trading Sector such as wholesaler, stockiest, retailers, importers, exporters and suppliers
  • Service Sector such as Lodge, restaurants, medical clinics, travel agencies

Basic Criteria of Eligibility

  • Satisfactory Profit margin substantiated by positive cash flow
  • Already established/running enterprise for minimum last 2 years or new enterprise to be established by individual having proven first hand experience of at least 3 years in similar business entity.
  • Loan to be secured by Fixed Assets Collateral

Credit Facility Limit

  • Funded and Non - Funded Facility : Rs. 0.50 Mil to Rs. 60.00 Mil Loan Tenure
  • SMEs Term Loan: up to 6 years
  • SMEs Working Capital Loan (Demand loan/ Overdraft/ Trust Receipt): Annual renewal basis
  • Each Trust Receipt Loan Deal : up to 90 days

Term Loan Repayment

  • Either equal/ballooning installment on a monthly or quarterly basis
  • Repayment of Term Loan may be fixed on EMI basis

Interest Payment

  • Except in cases where repayment of Term Loan is fixed on EMI basis, Interest on all credit facilities is payable on every quarter end.

Interest Rates

Letter of Credit/Bank Guarantee/Cash Margin/Commission: As per Bank's Schedule of Charges

Loan Processing Fee: As per Bank's schedule of charges

Annual Renewal Fee : As per Bank's schedule of charges

For more details please contact any of our Branch Offices

* Condition Apply

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