Working Capital

Machhapuchchhre Bank Limited offers following products at competitive price to finance your current assets (working capital). We take care of your business requirement whether you are big or small. Please select the product best suited to your business requirement:

• Overdraft / Cash Credit
• Short Term Loan
  

You can avail the above loan to finance your permanent as well as seasonal need of working capital. The loan will be initially approved for one year or lesser period and can be renewed on annual basis or after mutually agreed period, based on your account's performance.

Documents Required:

• Financials of last three years ( Cash Flow Statement, Balance Sheet, Profit & Loss Account), if applicable.
• Projected Financials for current and future five years (Cash Flow Statement, Balance Sheet, Profit & Loss Account).
• Profile of Company and its Director(s) or Firm and its Partners / Proprietor.
• Registration documents of the company / Firm (renewed, as applicable).
• Recent statistics of Production, Sales,Stock and book debts. (as applicable).
• Loan Application Form.
  

Security Requirements:

• General Letter of Hypothecation, where current assets are hypothecated.
• Personal Guarantee of Directors / Partners / Proprietor.
• Promissory Note and Loan Deed.
• Mortgage Deed, where mortgage over Fixed Assets.
  

Interest Rates:

• Interest will be charged on quarterly or monthly basis (Nepali calendar).

For Interest rates Click Here

Other terms and conditions will be as decided by the bank from time to time.
For more details, please contact to Credit Department in any branch of Machhapuchchhre Bank Ltd.