Nabil Bank launches Nabil Sajilo Xpress Karja
Nabil Bank has launched SME Lending Product, “Nabil Sajilo Xpress Karja”, based on Credit Score Card Model with an aim to speed up the credit decision making process and provide risk based pricing with maximum interest rate of 10.50% through simplified and quicker processing. With an intention to introduce the product in seven provinces of the country, NSEK was launched from province 3, Kathmandu on 23rd December 2019. Nabil Bank has successfully launched Nabil Sajilo Express Karja at Province No. 5 in an event organized at Bharahawa today. During the event, Mr. Kul Prasad Neupane, President of Siddharthanagar Udhyog Banijya Sangh; Mr. Ujjwal Kasaju- Senior Vice President of Butwal Udhyog Banijya Sangh and Mr. Ram Chandra Pandey- Vice President of Tilottama Chamber of Commerce were also present.
During the launch event, Mr. Anil Keshary Shah, Chief Executive Officer of Nabil Bank said, “NSEK is designed to cater the requirement of SME segment residing in different parts of the country. We understand and value the time and dream of business of our customer. That is why we aim to provide access to our offering from every corner of the country. Hence, we shall be the first choice of the SME clients by offering innovative products like NSEK, which will make the credit processing quicker, easier and simple.”
Nabil Bank and Sakchyam-Access to finance has been working together on enhancement of SME segments; an outcome of which was NABIL SAJILO KARJA (NSK) launched on March 7, 2019. With the success of the product, Nabil bank launches the new product, Nabil Sajilo Xpress Karja which is up gradation to existing NSK. This is the first time a bank in Nepal has used a credit scoring approach to make credit approval and pricing decision for SME clients, with competitive interest rate catering loan size from up to NPR 7.5 million. This product is designed to deliver a very quick decision on borrower’s credit application where the approval will be provided to the client within 35 hours of the submission of the application.
The newly introduced product provides a smart package of free transaction alert services, free monthly bank e-statement delivery, free issuance of credit card to the key person of the business with an assured turnaround time of 35 hours (upon submission of complete required documents).
Established in the year 1984 with the objective of extending international standard modern banking services to various sectors of the society, Nabil Bank today serves through 102 branches, 143 ATM and more than 1500 remit agents all over Nepal.
