Laxmi Bank understands the importance of establishing economically sustainable communities and the needs at grass root level to improve quality of life. Thus with aim to address these issues and to increase access to financial and banking services we have a growing portfolio of dedicated Retail Microfinance Loan products and loan officers to process requests at branch level from all our branches.

These products are targeted and based on the demand from low income, socially excluded, underprivileged individuals and markets. We want to mobilize financial resources and support services for viable and productive income generation to individuals, micro and small scale enterprises as well as those involved in agriculture and associated value chain business.

We also have a separate Agriculture Financial Service team at our head office in Hattisar that caters to your larger agriculture project based lending requirements.

Special Features

Laxmi bank provides loan starting from a minimum of Rs.25,000.

Laxmi bank approves of equal monthly installment with revolving loan.

Sufficient tenure for relative loans.

MFS Retail Product

This is a microenterprise loan for individuals as well as firms/company (new and existing) engaged in any income generating activities.
Type: Equal Monthly Installment and 1 year revolving loan (Overdraft)

NPR 1,000,000

Max loan Amount

120 months

Max loan Tenure

Terms:

  • Agricultural land accepted as collateral
  • Self declared income and projection
  • Independent valuation of collateral from valuator not mandatory

This is an umbrella product that covers financing of all agriculture activities and associated value chain as defined by Nepal Rastra Bank.
Type: Equal Monthly or Quarterly Installment and 1 year revolving loan (Overdraft)

NPR 10,000,000

Max loan Amount

120 months

Max loan Tenure

Terms:

  • Agricultural land accepted as collateral
  • Up to 90% financing available of collateral valuation
  • Self declared income and projection

Home loan for constructing low cost housing of the targeted segment that are presently living in slums/squatter.
Type: Equal Monthly Installment

NPR 400,000

Max loan Amount

84 months**

Max loan Tenure

**including moratorium period of 4 months

Terms:

  • Loan administration fee - NIL
  • Group guarantee arrangement available minimum 5 members

Clients (individual or company) engaged in small business or agriculture activities referred by Laxmi Laghubitta Bittiya Sanstha for financing both working capital / capital expenditure.
Type: Equal Monthly Installment

NPR 1,000,000

Max loan Amount

84 months

Max loan Tenure

Terms:

  • Self declared income
  • Independent valuation of collateral from valuator not mandatory
  • Unregistered mortgage supported by Rokka letter of land/building held as security

Construction / Reconstruction of residential building on land owned by the borrower or his/her immediate family member referred by Laxmi Laghubitta Bittiya Sanstha or for victims affected by Earthquake of April 25, 2015 as per Nepal Rastra Bank’s guideline.
Type: Equal Monthly Installment

NPR 400,000

Max loan Amount

72 months**

Max loan Tenure

**including moratorium period of 12 months

Terms:

  • 100% of construction cost financed
  • Self declared monthly income
  • Unregistered mortgage supported by Rokka letter of land/building held as security

Financing of Terra brand E-rickshaw referred by Fair Auto Industries and their dealers.
Type: Equal Monthly Installment

NPR 300,000

Max loan Amount

24 months

Max loan Tenure

Terms:

  • Financing up to 80% of tax invoice
  • Registration of financed vehicle in Bank’s name
  • Commitment /Prepayment fee - NIL

Livestock financing to purchase of mature milk yielding cows/buffaloes.
Type: Equal Monthly Installment

NPR 400,000**

Max loan Amount

**per borrower (max 90,000 per cattle)
38 months**

Max loan Tenure

**including moratorium period of 2 months

Terms:

  • Age of animal must not be more than 7 years at the time of financing
  • Cattle financed by the Bank will be hypothecated to the Bank
  • Recommendation letter From the affiliated Milk Cooperative (where applicable)

Finance purchase of tractors of approved brands for Agriculture purpose.
Type: Equal Monthly Installment

NPR 1,350,000

Max loan Amount

60 months

Max loan Tenure

Terms:

  • Max 2 tractor units per borrower and 4 units per group
  • Up to 80% financing available of the tax invoice
  • Tractor cost also includes financing of head, rotavator and leveler
  • Registration of financed vehicle in Bank’s name and registered mortgage over fixed asset covering 50% of loan amount.

Brands financed:

Escorts including Framtrac & Powertrac, Preet, SAME, Force/Balwan, Mahindra, Sonalika, IndoFarm, Swaraj, Massey-Ferguson, John Deere, CNH Industrial- New Holland& Case, Ace, Eicher, Deutz Fahr

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