Collateral Based Loan

Collateral Based Loan

Micro Entrepreneur Loan

Eligibility: CLBSL members who have completed first loan cycle with good credit history

Loan amount:

  • Maximum loan investment limit till 2 years of membership Nrs 7,00,000.
  • Maximum loan investment after 2 years of membership Nrs 15,00,000.

Repayment period:

  • Flexible repayment period from 12 to 84 months for members who are associated with CLBS for 2 years
  • Flexible repayment period from 12 to 120 months for members who are associated with CLBS for more than 2 years

Interest Rate: 15%

Special service: Business Development services provided through CLBS

Service Charge: 1.5%

 

Home Loan

Eligibility: Members who have completed five years’ period with the bank and completed first loan cycle.

Loan amount:  

  • Maximum loan investment limit who are only associated with CLBS for 5 years Nrs. 5,00,000
  • Maximum loan investment limit who are only associated with other microfinance and 5 years of membership in CLBS Nrs. 3,00,000
  • Maximum loan investment limit who are only associated with CLBS for 7 years Nrs. 7,00,000
  • Maximum loan investment limit who are only associated with other microfinance and 7 years of membership in CLBS Nrs. 5,00,000

Repayment period: Repayment period from 12 to  60 months

Interest Rate: 15%

Service Charge: 1.5%

 

Individual Loan

Eligibility: All active CLBS members

Loan Amount: 

  • Maximum loan investment limit who are only associated with CLBS till 2 years Nrs. 7,00,000
  • Maximum loan investment limit who are only associated with CLBS after 2 years Nrs. 15,00,000

Repayment Period:

  • Flexible repayment period from 12 to 84 months for members who are associated with CLBS till 2 years
  • Flexible repayment period from 12 to 120 months for members who are associated with CLBS after 2 years

Interest Rate: 15%

Service Charge: 1.5%

 

Entrepreneurship Member Development

Loan Eligibility: CLBSL members planning to commercialize their ongoing IGA.

Loan amount:

  • Maximum loan investment limit for members who are only associated with  CLBS till 2 years Nrs. 7,00,000
  • Maximum loan investment limit for members who are only associated with  CLBS after 2 years Nrs. 15,00,000

Repayment period: Installment Repayment period from 60 to  84 months

Interest Rate: 15%

Service Charge: 1.5%

 

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.