Micro Business Correspondent

Micro Business Correspondent

Mega Professional Loan is non asset based lending mainly targeted towards meeting various requirements of professionals like Doctors, Engineers, Pilots, Chartered Accountants, NRB Officers, Government/Semi Government Officers, Govt. Owned Corporation/Organization’s Officers, Bankers (Officers and Above), University Lecturers (Permanent), Principals of Schools/Colleges, PhD Holders, Employees of Big Corporate Houses and other very similar professions for the fulfillment of their personal/professional requirements.

Micro Business Correspondent
7 %
Interest Rate
Micro Business Correspondent
8.77 %
Base Rate
Micro Business Correspondent
15.77 %
Total Interest Rate

Last Updated Date: March 21, 2022

Mega Bank Nepal Ltd

Nepal Rastra Bank issued Mega Bank its Operating License on 4th Shrawan, 2067 and it commenced banking operations from 7th Shrawan 2067. It lies under class “A” commercial bank which has achieved Nine years of operations and is on its way to realizing the aspirations of 2,396 promoters who incorporated chiefly from middle-class households spread over more than sixty three Districts of Nepal. Mega Bank has merged with Paschimanchal Development Bank and Tourism Development Bank. Banking Services of Mega Bank Limited are dedicated to the whole monetary strata of the Nepalese society from “Halo” to “Hydro”. Mega Bank Nepal Limited is currently trading in Nepal Stock Exchange with symbol MEGA. MEGA has provided a dividend return of 7.85 percent in the fiscal year 2074/75. Mega Bank Limited has appointed Nabil Investment Banking Limited as it’s share registrar. Mega Bank is dedicated to supplying financial options to not just the pinnacle middle or backside of the Pyramid.

Micro Business Correspondent


  • Applicant's legal proof of identity ( e.g.: citizenship/ passport) 
  • The applicant's passport size photos, the guarantors 
  • Qualification proof of the highest professional degree.
  • PAN Card – For Company/ Firm/ Individual
  • Bank Statement (latest 6 months)
  • Proof of continuation (Establishment Certificate/ Sales Tax certificate)
  • Other Mandatory Documents (Sole Proprietary Declaration Or Certified Copy of Partnership Deed, Director-certified true copy of Memorandum

What Is Professional Loan?

Professional Loan is specially designed for professionals working in diverse fields with a fixed monthly income and having good social standing to fulfill their financial requirement. The loan is designed such that it helps the professional overcome a liquidity crunch in times of need and avoid dipping into their savings. One of the most important features of this loan scheme is swift execution of loan process. Eligible professionals can obtain fund required within few days from the date of application for the loan. Further, the loan scheme is uncollateralized. The client does not have to go through cumbersome legal process for obtaining the required fund. A professional loan can be availed for requirements pertaining to business requirements such as purchase of equipment, business expansion, construction of business premises, renovating business premises, cash for working capital, amongst other business requirements. This loan can also be availed to finance work-related foreign trips, seminars and conferences. Professional loan is a funding or credit option extended to professionals such as doctors, chartered accountants, architects and others, for setting up and growing their business or practice. These are specifically meant for individuals with professional qualifications, and the loans are given based on their capabilities, expertise, track record, revenues, and reputation.

Types of Professional Loans

The type of professional loan sought depends on many factors, such as the nature of the practice, whether the borrower is a salaried individual and the purpose. Professionals can take loans for setting up their businesses, buying or renting premises, for expanding their business, staffing requirements, acquiring working capital, attending seminars and conferences, and also to tide over short-term requirements.

How Professional Loans Work ?

Commercial loans are granted to a variety of business entities, usually to assist with short-term funding needs for operational costs or for the purchase of equipment to facilitate the operating process. In some instances, the loan may be extended to help the business meet more basic operational needs, such as funding for payroll or to purchase supplies used in the production and manufacturing process. These loans often require that a business posts collateral, usually in the form of property, plant or equipment that the bank can confiscate from the borrower in the event of default or bankruptcy. Sometimes cash flows generated from future accounts receivable are used as a loan's collateral. Mortgages issued to commercial real estate are one form of commercial loan.

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