Civil bank launches SME loan

KATHMANDU, March 21:

Civil Bank has launched a new loan product called ´Civil SME Loan, 6 Days to Cash´. “This scheme enables small and medium enterprises (SMEs) to obtain loan of up to Rs 10 million within 6 days of submission of all required documents”, a statement issued by the bank says, quoting CEO Kishore Maharjan.

The scheme has currently been launched in Kamaladi branch of the bank. “It will be extended to other branch offices in the near future,” the statement says. The bank also plans to introduce other such schemes in the market in the coming days.

Source: Republica