Loan products
20 loan products
Business Loan
9.5% per yearFor import, export, mini supermarkets, handicraft, gold and silver, and medium buy-and-sell shops.Rates and termsMicro Enterprise Loan
10% per yearA loan for micro enterprises. Ask at any service center how it works.Rates and termsEntrepreneurship Loan
7% per yearA loan for entrepreneurs. Ask at any service center how it works.Rates and termsEntrepreneurship Promotion Loan
6.78% per yearA loan that promotes entrepreneurship. Ask at any service center how it works.Rates and termsAgriculture and Livestock Loan
9.75% per yearFor poultry, pig, bee, fish and duck farming, fruit and vegetable cultivation, farm machinery, cash and food crops, nurseries, coffee, tea, flowers, mushrooms and animal rearing.Rates and termsJyoti Krishak Sahara Loan
9.75% per yearA support loan for farmers. Ask at any service center how it works.Rates and termsEducational Loan
11% per yearFor education in Nepal or abroad.Rates and termsEmergency Loan
No interest for 45 daysFor emergencies such as accidents, heart attack, childbirth, snake bite, fire, cholera and natural disasters.Rates and termsDaily Saving Loan
12.5% per yearLoan against your daily saving account.Rates and termsFixed Deposit Loan
Loan against your fixed deposit, so your savings keep earning.Rates and termsRegular Saving Collateral Loan
A loan against your regular saving. Ask at any service center how it works.Rates and termsSaving Collateral Loan
9% per yearA loan against your savings. Ask at any service center how it works.Rates and termsMember Relief Loan
10% per yearRelief loan for members hit by a natural disaster.Rates and termsHire Purchase Loan
11.5% per yearFor vehicles, equipment and other large purchases.Rates and termsHousehold Goods and Appliance Loan
12% per yearA loan for buying household goods and appliances. Ask at any service center how it works.Rates and termsLand and Building Loan
11.5% per yearFor buying land or building and improving a home.Rates and termsHousing Loan
7.89% per yearA housing loan. Ask at any service center how it differs from the Land and Building Loan.Rates and termsMicrofinance Loan
12.5% per yearMicrofinance loan for poor and exploited families in the working area, given on the guarantee of their neighbours.Rates and termsKharkhancho Loan
12% per yearFor household needs such as medicine and treatment, marriage, chudakarma, festivals and other emergencies.Rates and termsBaidesik Rojgar Loan
11% per yearFor members, their families and relatives going abroad for work, once the letter and visa have come. The amount is set after a study of what going abroad will cost.Rates and terms
Interest rates, collateral and documents depend on the loan type and amount. Loans are available to share members. Ask your service center for the current rate sheet before applying. Paying the monthly installment and interest together in full takes 1 percentage point off the rate, except on concessional loans. When rates are revised, members whose installments are irregular or overdue stay on their previous rate.
Interest rate notice, effective from 2083 Bhadra 11Estimate your installment
Try an amount, rate and term. On a loan’s own page it starts at that loan’s published rate, and at its limit and term where the cooperative publishes them.
An example rate. Ask your service center for today’s rate before you apply.
5 years
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Monthly installment
Rs 11,122
- Total interest
- Rs 167,333
- Total to repay
- Rs 667,333
- Loan amount Rs 500,000 (75%)
- Interest Rs 167,333 (25%)
Year by year
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | 77,645 | 55,822 | 422,355 |
| 2 | 87,493 | 45,974 | 334,862 |
| 3 | 98,588 | 34,878 | 236,274 |
| 4 | 111,093 | 22,374 | 125,181 |
| 5 | 125,181 | 8,285 | 0 |
How to apply for a loan
- 1
Check that you can borrow: you need 3 months of membership, or 6 for a loan without collateral, at least 10 shares and regular saving every month.
- 2
Fill in the cooperative’s loan application form and bring the documents your loan needs, listed below.
- 3
Loans backed by savings and loans under Rs 3 lakh are processed at once. Loans up to Rs 50 lakh take up to 7 days, and larger loans up to 15 days.
- 4
The fees are 0.5% for loan management and 0.5% for loan insurance, plus a form fee of up to Rs 400 that depends on the amount.
Who can borrow
- A member for at least 3 months, or 6 months for a loan without collateral
- Holding at least 10 shares
- Depositing regular saving every month
- Not blacklisted at another financial institution, with no family member blacklisted
- No overdue loan and no criminal charge
- Not over 63 years of age
- Willing to follow the Cooperative Act and its rules, the bylaws and the loan policy, and any changes to them
A loan is a facility the cooperative offers, not a member’s right.
Fees
- Loan management fee
- 0.5%
- Loan insurance fee
- 0.5%
- Collateral valuation
- As agreed with the valuer
The board can change these fees.
Form fee by loan amount
- Up to Rs 10,000
- None
- Rs 10,001 to Rs 30,000
- Rs 50
- Rs 30,001 to Rs 50,000
- Rs 100
- Rs 50,001 to Rs 1 lakh
- Rs 150
- Over Rs 1 lakh, up to Rs 3 lakh
- Rs 300
- Over Rs 3 lakh
- Rs 400
Penalty on an overdue installment
- Up to 1 month overdue
- 2%
- Up to 2 months overdue
- 3%
- From the third month overdue
- Up to 5%
The board can change the penalty, as it can the fees.
Documents to bring
- The cooperative’s loan application form
- A copy of your citizenship certificate
- 2 recent photos
- For a personal guarantee, 2 guarantors in person, each with a copy of their citizenship certificate and 1 photo
- For collateral, the original land ownership certificate (lalpurja)
- The cooperative’s letter for the map
- The certified map
- The municipality’s certified boundary (charkilla) recommendation and this fiscal year’s land tax receipt
- Proof of your source of income
- For a loan above Rs 3 lakh, a valuation report on the collateral
- For hire purchase, the quotation or a copy of the blue book of the motorcycle or car, and 2 photos of the vehicle
- Papers showing the remaining period of full insurance
- Any other papers the cooperative asks for
From the cooperative’s citizen charter (वडापत्र) and notes on what members should know.
Ready to become a member?
Visit any of our 9 offices in Kavre, or download the member application form and bring it with your citizenship certificate.