Discipline Based Loan

Discipline Based Loan

Discipline Loan

Eligibility: Members who have successfully completed first loan cycle with good credit history

Loan amount: 

  • Maximum loan investment limit for members who are only associated with  CLBS for 1 year Nrs. 2,50,000
  • Maximum loan investment limit for members who are part of other microfinance and 1 year of membership in CLBS Nrs. 1,50,000
  • Maximum loan investment limit for members who are only associated with CLBS for 3 years Nrs. 3,50,000
  • Maximum loan investment limit for members who are part of other microfinance and 3 years of membership in CLBS Nrs. 2,00,000
  • Maximum loan investment limit for members who are only associated with CLBS for 5 years Nrs. 3,50,000
  • Maximum loan investment limit for members who are part of other microfinance and 5 years of membership in CLBS Nrs. 2,50,000
  • Maximum loan investment amount for members who are only associated with CLBS for 7 years Nrs. 5,00,000
  • Maximum loan investment limit for members who are part of other microfinance and 7 years of membership in CLBS Nrs. 2,50,000

Repayment period:

  • Repayment period from 12 to 36 months after 1 year of membership
  • Repayment period from 12 to 60 months after 3 year of membership

Interest Rate: 15%

Service Charge: 1.5%

 

Special Discipline Loan

Eligibility: Members who are affiliated with the bank for three years and have track good credit history with at least 2 types of loan are issued Special Discipline Loan.

Loan amount  :

  • Maximum loan investment limit for members who are only associated with CLBS for 3 years Nrs. 30,000
  • Maximum loan investment limit for members who are associated with other Microfinance and has been member of CLBS for 3 years Nrs. 20,000
  • Maximum loan investment limit for members who are associated only with CLBS for 7 years Nrs. 40,000

Repayment period:  12 months

Interest rate: 15% pa on declining basis.

Service Charge: 1.5%

 

Emergency Loan

Eligibility: Provided to members in case of emergency and have completed one normal loan and members should be associated with CLBS for 1 year to demand emergency loan.

Loan amount: NRs 5,000 to NRs 10,000 (only the golden and silver are eligible to access upper loan ceiling of NRs 10,000).

Repayment period: Repayment Period with in 12 months

Interest Rate: 15% interest rate on declining basis.

Service Charge: 1%

 

Note:

Penalty Provision:  Any Breach in Loan Agreement or delay in payment of Installment in assigned timeline will result in 3 percent penalty on outstanding Loan Amount.