Jyoti Bikash Bank started a Professional loan without collateral || Business Partner Nepal.
This loan scheme is specially designed for professionals working in diverse fields with a fixed monthly income and having good social standing to fulfill their financial requirements. The loan is designed such that it helps the professional overcome a liquidity crunch in times of need and avoid dipping into their savings. One of the most important features of this loan scheme is the swift execution of the loan process. Eligible professionals can obtain funds required within a few days from the date of application for the loan. Further, the loan scheme is uncollateralized. The client does not have to go through a cumbersome legal process for obtaining the required fund in dire need. To honor the contribution of all working professionals, JBBL professional loan scheme has covered a wide spectrum of professionals as eligible.
Eligible Professionals
Professional Accountants:
Professional qualification of Chartered Accountancy or such other professional accounting degree from institutes (National or Foreign), is a Member of International Federation of Accountants (IFAC), and engaged in the occupation/business in Nepal.
Medical professionals:
Professional qualification of a minimum of bachelor in Medicine (MBBS/BDS/Nursing/veterinary/BPH/B. Pharma etc.) from a recognized university, having a license from Nepal Medical Council and engaged in the occupation/business in Nepal.
Engineering Professionals:
Professional qualification of a minimum of a diploma in Engineering (Civil, Electrical, software, mechanical engineering, etc.) from a recognized university and engaged in the occupation/business in Nepal.
Lawyers:
Professional qualification of a minimum of bachelor in Laws (LLB, BL, etc. or equivalent degree) from a recognized university, having a license from the Nepal Bar Council, and engaged in the occupation/business in Nepal.
Teaching Professionals/ Administrative staff of education institutions (like accountants, principal, etc.):
Person engages in the teaching profession in the recognized university as a Professor/Lecturer.
Permanent teacher and administrative staff of school/college/educational institutions registered with an appropriate government bodies. For this, such institutions should have been listed with this bank for the purpose of professional loans. The education institutions shall be listed with the bank from time to time on the recommendation of the branch/ marketing/ central credit approval department.
Employees of BFI’s/ Merchant Banking:
A permanent employee having the experience of at least 3 years in such a sector.
Employees of Insurance companies:
A permanent employee having the experience of at least 3 years in such a sector.
Employees of NGO/INGO:
A person engages in the NGO/INGO having the experience of at least 3 years in such a sector. For this, such institutions should have been listed with this bank for the purpose of professional loans. The institutions shall be listed with the bank from time to time on the recommendation of the branch/ marketing/ central credit approval department.
Employees of Private Limited Company/ Organization/ Institutions:
Permanent employee of the private limited organizations/ companies/ institutions having up to 20 employees and also operating payroll account in JBBL.
Permanent employees of the private limited organizations/ companies/ institutions having more than 20 employees. For this, such institutions should have been listed with this bank for the purpose of professional loans. The institutions shall be listed with the bank from time to time on the recommendation of the branch/marketing/central credit approval department and with the approval of the CEO. The criteria and guidelines of the listing shall be framed and implemented by the approval of the CEO. However, in both cases, consent or recommendation from the companies/organizations/institutions shall be obtained.
Purpose
This loan scheme is specially designed for professionals working in diverse fields with a fixed monthly income and having good social standing to fulfill their financial requirements. The loan is designed such that it helps the professional overcome a liquidity crunch in times of need and avoid dipping into their savings.
Features
One of the most important features of this loan scheme is swift execution of the loan process. Eligible professionals can obtain funds required within a few days from the date of application for the loan. Further, the loan scheme is uncollateralized. The client does not have to go through a cumbersome legal process for obtaining the required fund in dire need. To honor the contribution of all working professionals, JBBL professional loan scheme has covered a wide spectrum of professionals as eligible.
Required Documents
- Loan application form duly filled up with a photograph of the borrower
- Citizenship or passport.
- Professional Membership Certificate, if applicable.
- Character Certificates & Certificates showing academic qualification of respective professional degrees.
- Personal PAN issued by IRD.
- Salary Certificate.
- Bank Statement and/or PAN statement for the verification of the income source of the borrower.
- Full residential address.
- Net worth statement.
- Multi banking declaration.
- Any other information/document, which may be necessary, as per the requirements of each.
Basic Criteria for Apply:
- The age limit of the applicant to be 18-65 years.
- The age limit of the borrower for repayment of the loan should not exceed 70 years
- The applicants should have sufficient regular income to service debt obligation (Installment or Interest). Their income should have been reflected in the PAN statement or any of the bank statements of the last six months. However, the current salary certificate substantiating the income needs to be obtained.
- The income of proprietorship firm or single man company owned by the borrower and engages in the related profession can be assessed as the income of the borrower.
For details: Click Here
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