Employee Service Loan

Employee Service Loan

Service loan includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up any delinquencies.

Employee Service Loan
5 %
Interest Rate
Employee Service Loan
7.53 %
Base Rate
Employee Service Loan
12.53 %
Total Interest Rate

Last Updated Date: May 17, 2022

Agriculture Development Bank Ltd

Agriculture Development Bank Limited (ADBL) is a self-ruling association to a great extent possessed by the Government of Nepal. The bank has been functioning as a head provincial credit foundation throughout the previous thirty years, offering in excess of 67 percent of institutional credit gracefully in the nation. Subsequently, rustic money is the main operational territory of ADBL. Moreover, it has likewise been executing the Small Farmer Development Program (SFDP), the significant neediness mitigation program dispatched in the nation. Moreover, the bank has additionally been associated with business banking tasks since 1984. 


Agrarian Development Bank has a sum of 232 branches under the administration of 10 local workplaces and 60 ATMs (18 inside valley and 42 outside valley) sources.

Employee Service Loan

REQUIRED DOCUMENTS

  • Completed application form of the bank.
  • Firm/Partnership/Company Registration paper.
  • PAN copy
  • Latest tax clearance receipt
  • Article of Associations/Memorandum of Associations (In the case of companies)
  • Board minutes regarding loan amount /Authorize signatory for operation of account
  • Details of the guarantors
  • Copy of citizenship of Proprietor/Partner/Shareholders and the guarantors
  • Last two years audited financials & Three Years projection

Service Loan

Service loan includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up any delinquencies.


 

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