Micro Finance Service
Laxmi Bank understands the importance of establishing economically sustainable communities and the needs at grass root level to improve quality of life. Thus with aim to address these issues and to increase access to financial and banking services we have a growing portfolio of dedicated Retail Microfinance Loan products and loan officers to process requests at branch level from all our branches.
These products are targeted and based on the demand from low income, socially excluded, underprivileged individuals and markets. We want to mobilize financial resources and support services for viable and productive income generation to individuals, micro and small scale enterprises as well as those involved in agriculture and associated value chain business.
We also have a separate Agriculture Financial Service team at our head office in Hattisar that caters to your larger agriculture project based lending requirements.
Why choose Laxmi Bank for Microfinancing?
Flexible loan amounts
Equal Monthly Installment
Maximum tenure up to 120 months
MFS Retail Products
This is a microenterprise loan for individuals as well as firms/company (new and existing) engaged in any income generating activities.
Type: Equal Monthly Installment and 1 year revolving loan (Overdraft)
- Max loan amount: NPR 1,500,000
- Max loan tenure: 180 months
Terms:
- Agricultural land accepted as collateral
- Self declared income and projection
- Independent valuation of collateral from valuator not mandatory
This is an umbrella product that covers financing of all agriculture activities and associated value chain as defined by Nepal Rastra Bank.
Type: Equal Monthly or Quarterly Installment and 1 year revolving loan (Overdraft)
- Max loan amount: NPR 10,000,000
- Max loan tenure: 120 months
Terms:
- Agricultural land accepted as collateral
- Up to 90% financing available of collateral valuation
- Self declared income and projection
Home loan for constructing low cost housing of the targeted segment that are presently living in slums/squatter.
Type: Equal Monthly Installment
- Max loan amount: NPR 700,000
- Max loan tenure: 84 months**
**including moratorium period of 4 months
Terms:
- Loan administration fee – NIL
- Group guarantee arrangement available minimum 5 members
Livestock financing to purchase of mature milk yielding cows/buffaloes.
Type: Equal Monthly Installment
- Max loan amount: NPR 400,000**
**per borrower (max 90,000 per cattle)
- Max loan tenure: 38 months**
**including moratorium period of 2 months
Terms:
- Age of animal must not be more than 7 years at the time of financing
- Cattle financed by the Bank will be hypothecated to the Bank
- Recommendation letter From the affiliated Milk Cooperative (where applicable)
Finance purchase of tractors of approved brands for Agriculture purpose.
Type: Equal Monthly Installment
- Max loan amount: NPR 1,350,000
- Max loan tenure: 60 months
Terms:
- Max 2 tractor units per borrower and 4 units per group
- Up to 80% financing available of the tax invoice
- Tractor cost also includes financing of head, rotavator and leveler
- Registration of financed vehicle in Bank’s name and registered mortgage over fixed asset covering 50% of loan amount.
Brands financed:
Escorts including Framtrac & Powertrac, Preet, SAME, Force/Balwan, Mahindra, Sonalika, IndoFarm, Swaraj, Massey-Ferguson, John Deere, CNH Industrial- New Holland& Case, Ace, Eicher, Deutz Fahr
This is a microenterprise loan for individuals as well as firms/company (new and existing) engaged in any income generating activities.
Type: Equal Monthly Installment and 1 year revolving loan (Overdraft)
- Max loan amount: NPR 1,500,000
- Max loan tenure: 180 months
Terms:
- Agricultural land accepted as collateral
- Self declared income and projection
- Independent valuation of collateral from valuator not mandatory
This is an umbrella product that covers financing of all agriculture activities and associated value chain as defined by Nepal Rastra Bank.
Type: Equal Monthly or Quarterly Installment and 1 year revolving loan (Overdraft)
- Max loan amount: NPR 10,000,000
- Max loan tenure: 120 months
Terms:
- Agricultural land accepted as collateral
- Up to 90% financing available of collateral valuation
- Self declared income and projection
Home loan for constructing low cost housing of the targeted segment that are presently living in slums/squatter.
Type: Equal Monthly Installment
- Max loan amount: NPR 700,000
- Max loan tenure: 84 months**
**including moratorium period of 4 months
Terms:
- Loan administration fee – NIL
- Group guarantee arrangement available minimum 5 members
Construction / Reconstruction of residential building on land owned by the borrower or his/her immediate family member referred by Laxmi Laghubitta Bittiya Sanstha or for victims affected by Earthquake of April 25, 2015 as per Nepal Rastra Bank’s guideline.
Type: Equal Monthly Installment
- Max loan amount: NPR 400,000
- Max loan tenure: 72 months**
**including moratorium period of 12 months
Terms:
- 100% of construction cost financed
- Self declared monthly income
- Unregistered mortgage supported by Rokka letter of land/building held as security
Financing of Terra brand E-rickshaw referred by Fair Auto Industries and their dealers.
Type: Equal Monthly Installment
- Max loan amount: NPR 300,000
- Max loan tenure: 24 months
Terms:
- Financing up to 80% of tax invoice
- Registration of financed vehicle in Bank’s name
- Commitment /Prepayment fee – NIL
Livestock financing to purchase of mature milk yielding cows/buffaloes.
Type: Equal Monthly Installment
- Max loan amount: NPR 400,000**
**per borrower (max 90,000 per cattle)
- Max loan tenure: 38 months**
**including moratorium period of 2 months
Terms:
- Age of animal must not be more than 7 years at the time of financing
- Cattle financed by the Bank will be hypothecated to the Bank
- Recommendation letter From the affiliated Milk Cooperative (where applicable)
Finance purchase of tractors of approved brands for Agriculture purpose.
Type: Equal Monthly Installment
- Max loan amount: NPR 1,350,000
- Max loan tenure: 60 months
Terms:
- Max 2 tractor units per borrower and 4 units per group
- Up to 80% financing available of the tax invoice
- Tractor cost also includes financing of head, rotavator and leveler
- Registration of financed vehicle in Bank’s name and registered mortgage over fixed asset covering 50% of loan amount.
Brands financed:
Escorts including Framtrac & Powertrac, Preet, SAME, Force/Balwan, Mahindra, Sonalika, IndoFarm, Swaraj, Massey-Ferguson, John Deere, CNH Industrial- New Holland& Case, Ace, Eicher, Deutz Fahr