Need Money for IPO of Mero Microfinance? : Gold loan from NIC ASIA, loan up to Rs 5 crore within 1 hour

The Initial public offering (IPO) of Mero Microfinance Bittaya Sanstha ltd. is scheduled to come in near future. In the secondary market, the share prices of microfinance are on all time high. It would be golden opportunity to grab shares of microfinance at Rs 100/unit provided that you are one of the lucky investors who get shares. This IPO is expected to get huge response from the general public.

NIC ASIA Bank Ltd. (NICA) has introduced NIC ASIA Gold Loan, one of the easiest and fastest loan schemes of the banking industry. This loan scheme is currently available at Khichapokhari Branch, New Road, Kathmandu.

NIC ASIA Gold Loan offers hassle free credit facility with flexible repayment options. The decisions on the loan and disbursement of the loan amount will be done within one hour.

Salient features of NIC ASIA Gold Loan are as follows:

Loan Limit: Minimum NPR 30,000/- and Maximum up to NPR 5 crore

Financing up to:

• 65% against pledge of Gold Ornaments and Gold Coins
• 70% against pledge of Fine Gold Bar
• 80% against pledge of NIC ASIA Bullion under the Bank’s Custody

 Facility Type: Demand Loan and Overdraft

Interest Rate: Special Offer of 8.99% p.a. but will vary as published by the Bank, payable on quarterly basis (as per Nepali calendar)

Period: Maximum 1 (one) year (if required – to be renewed every year from the date of maturity)

Partial Payment: Allowed. There is no minimum monthly payment to be made except the interest

Eligibility

• Age: 21 years and above
• Nepali citizens
• Duly registered companies

The loan amount can also be used for other purpose in addition to applying for the IPO.