Short Term Loan: We provide short term loans in the form of Overdraft, Demand Loans, Trust Receipt to cater the short term requirement of contractors and ultimately manage their working capital requirement efficiently.
Long Term Loan: Long term loans in the form of Hire purchase and Term Loans is provided to purchase the capital expenditure goods such as equipment’s/vehicles or buildings required for construction of projects. We provide such long term facility to allow contractors to create a value in the long run thereby enhancing their business portfolio and net worth while simultaneously managing their cash flow side by side.
Contract Loans/Project Loans: Contract loans/Project Loans is provided to construction companies’/ contractors if in case they require loans to undertake specific projects. We provide contract loans/project loans to contractors upon due diligence of project and their financial requirement.
Bid Bond:We provide Bid Bond to contractors/construction companies to allow them to bid for various projects they wish to undertake. We trust our client and stand as a guarantor for them undertaking full responsibility if in case the contractor fails to perform his obligations.
Credit Commitment: We provide commitment on behalf of the contractor/construction company favoring the beneficiary that the contractor/construction company is availing credit facility from us and if in case the contractor/construction company is in shortfall of fund due to unavailability of budget, bank shall provide required deficit fund for construction of project in order to meet the project completion timeline.
Performance Bond: We issue Performance Bond on behalf of the customers (upon awardation of project) favoring the beneficiary underlying with the principal that bank shall take full responsibility if the contractor defaults the responsibility assigned to them.
Supply Credit Guarantee: We provide Supply Credit Guarantee to supplier of the goods on behalf of construction company/contractor ensuring that the supplier shall be provided with payment against the goods procured by the contractor/construction company as per specified terms and conditions.
Advance Payment Guarantee: We issue Advance Payment Guarantee to beneficiary on behalf of the customers undertaking full responsibility that the mobilization fund received by the contractor shall be utilized for initial construction of projects. Should the contractor breach the contract terms and agreement and use the fund for any other purposes other than mentioned in contract agreement, bank shall ensure the beneficiary that the mobilization fund provided by them shall be returned to them.
Counter Guarantees:We also provide counter guarantees on behalf of the foreign customers undertaking high value infrastructural projects in Nepal. We issue counter guarantees against guarantees received from foreign banks undertaking full responsibility that bank shall be liable if in case the foreign contractor fails to perform his obligations as mentioned in contract.
Letter of Credit: We provide LC facility to construction companies/contractors for purchase of construction materials and equipment’s either domestically or from foreign country. We stand as a guarantor on behalf of contractor/purchasing entity and assure the seller of the goods that he/she shall receive payment from the bank if in case the contractor/purchasing entity do not provide payment to them as per agreed terms and conditions.