Business Continuity Loans are specialized loans tailored to assist customers categorized as Cottage, Small & Medium Enterprises (as defined in Industrial Enterprise Act) and customers under Tourism Industry affected by Covid-19 in continuing their business expenses.
Why should you choose Laxmi Bank
Extensible Loan Tenure
No Loan Processing Fee
5% Interest Rate
Approval of Loan within 15 working days
Financing Terms & Conditions
COVID- 19 affected borrowers
- Max loan amount: NPR 100 Mio
- Permissible Loan Amount
- Lower of:
- 150% of Annual Salary Expenses
- Lower of:
- Must be registered in any government body holding renewed registration certificate.
- Must have appointed at least 5 employees (permanent / temporary / outsourced)
- Salary from Shrawan 2076 to Falgun 2076 should have been paid regularly via Bank a/c after deducting applicable taxes.
- Must not have availed any kind of subsidized loans
- Cannot lay off its employees until the tenure of the loan
- Loan request letter
- Declaration that the customer has not obtained such loans from other Bank & Financial Institutions.
- Audited balance of last financial year that matches with details submitted to Inland Revenue Department.
- Tax clearance certificate of latest financial year