Short Term Pledge Loan
pledge loan differs from a standard loan in that the loaned amount is completely backed with collateral from the borrower. A borrower can use their funds, such as a savings account, as collateral to obtain a loan.
pledge loan differs from a standard loan in that the loaned amount is completely backed with collateral from the borrower. A borrower can use their funds, such as a savings account, as collateral to obtain a loan.
Last Updated Date: May 17, 2022
With the vision to become the most trusted bank by providing the latest banking services and support to its customers, Civil Bank has started its banking journey from 2010. This bank has become a bigger institution in terms of capital, asset sizes and branches. In the short span of time it has uplifted its status so much that its workforce has also increased significantly to exceed 400 and has 41 branches of network. By expanding its network branches and workforce, it has been able to meet the needs and every demands of the customer. It has the superior values and moral principles which aims to succeed and reach to the higher status by maintaining the corporate values. On the banking journey it has moved forward with the mission to become the Nepali’s banking partner by extending all types of banking services. The main objective of the Civil Bank is to be innovative and be dedicated to customer services. By providing prudent expansion on the services and by providing competitive human resources, Civil Bank tries to contribute directly or indirectly in the economic growth of the country. Civil Bank has now substantially grown to become a bigger institution in terms of capital, asset size and business volumes. With the completion of recent merger with (former) International Leasing and. In a short span of time, the total strength of the bank’s workforce has also increased significantly to exceed 850+ and its network of branches have reached 97 enabling the Bank to meet the demands and financial/ banking requirements of the customer across the country more efficiently.
A pledge loan differs from a standard loan in that the loaned amount is completely backed with collateral from the borrower. It is a well known fact that the prices of agricultural commodities immediately after harvest, tend to be low compelling the farmers specially the small and marginal farmers with low or no holding capacity, to resort to distress sale. There has been a felt need to provide the farming community with pledge finance to enable the farmers to avail credit when the prices are low and to sell their produce when the prices are favorable. A borrower can use their funds, such as a savings account, as collateral to obtain a loan. pledge loans against the stock after verification of the same. The stock, however, is kept under lock and key of the Bank and the loan disbursed and settled in pro rata basis with the stock pledged and sold. The funds used as collateral then become "frozen" until the loan is paid back in full. Because pledge loans are fully backed with collateral, they are easier to obtain than traditional loans and offer a number of other benefits to borrowers such as:
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