QR Merchant Loan
The Citizens QR Merchant Loan is a fully digital lending solution designed to meet the short-term financial needs of QR Merchants. Whether you are looking to enhance your business's working capital or expand your operations, this loan product is tailored to help you grow while making digital payments the preferred choice in the future.
- Loan Amount:
Minimum Loan: NPR 50,000
Maximum Loan: NPR 500,000
- Interest Rate:
The loan interest rate is the average base rate of the last 3 months plus a 3% premium.
- Loan Tenure:
Loans up to NPR 100,000: Max tenure of 12 months
Loans above NPR 100,000: Max tenure of 24 months
- Repayment:
Repay through Equated Monthly Installments (EMI).
Repayments are due on the 20th day of the English calendar month following the loan disbursement.
- Management Fee:
A 0.75% management fee of the loan amount will be charged upfront.
- Firm Registration
- PAN
- Latest Tax Clearance Certificate
- Minutes for availing QR Merchant Loan Facility (in the case of a Partnership Firm/Private Limited Company)
Eligibility Criteria:
- Be an active QR Merchant with at least 6 months of transaction history.
- Have an average monthly QR transaction volume of at least NPR 200,000 over the past 6 months.
- Maintain a monthly QR transaction volume of at least NPR 100,000 in each of the last 6 months.
- Process a minimum of 20 QR transactions per month on average for the last 6 months.
- The loan limit will not exceed 25% of your average monthly QR transaction volume over the last 6 months.