Citizens Agriculture and Livestock Loan
|
Purpose |
To meet the financial requirement for commercial agricultural and livestock farming (e.g. seed plantation, vegetable, forestry, horticulture, animal husbandry, production, purchase/ sales and distribution of Agricultural Equipment and Auxiliary. |
|
Nature |
Terminating loan payable in Equal Monthly Installment |
|
Loan Size |
Minimum of NPR 50,000.00 and Maximum of NPR 50.00 Million |
|
Tenure |
Minimum: 1 year Maximum: 5 years |
|
Rate of interest |
Average Base Rate of last three consecutive month plus Premium Rate @ 1.5% minus Interest Subsidy of 3% |
|
Borrower's age |
Minimum 18 years and Maximum 60 years at the time of final maturity |
| First Payment Date |
On the 20th day of English calendar from the subsequent month of initial draw-down. |