Loan Against Other Bank Guarantee

Loan Against Other Bank Guarantee

A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. The guarantee lets a company buy what it otherwise could not, helping business growth and promoting entrepreneurial activity

Loan Against Other Bank Guarantee
7 %
Interest Rate
Loan Against Other Bank Guarantee
9 %
Base Rate
Loan Against Other Bank Guarantee
16 %
Total Interest Rate

Last Updated Date: May 16, 2022

Sanima Bank Ltd

Sanima bank is one of the developed, strong and reliable banks promoted by the prominent and dynamic businessmen of the Non-Resident Nepalese (NRNs). It obtained an operating license from Rastra Bank of Nepal and started operating in 2004. Sanima Bank has 27 full-fledged branches inside and outside the Kathmandu valley to provide its customers with a banking financial solution and plans to develop even more facilities in different parts of the country. Sanima Bank Limited started its activity in 2004 as a National Level Development Bank. Sanima got the working permit from Nepal Rastra Bank to work as A Class Commercial Bank in 2012. Sanima has 79 undeniable branches and one expansion counter inside and outside the Kathmandu Valley and has further designs to extend its scope in the different piece of the nation.

Loan Against Other Bank Guarantee


  • Citizenship and/or valid permanent ID of the borrower/authorized persons and guarantors.
  • Copy of PAN/VAT registration with tax payment receipt.
  • Authenticated copy documents relating to security offered/ applies to valuation report
  • Title Deed (Lalpurja)Blue print of cadastral map (Napi Naksa) certified by Napi Office
  • Recent land tax payment receipt from malpot office (Tiro tireko rashid)
  • Citizenship certificate of landlord

What is Bank Guarantee Loan?

A Bank Guarantee loan is an alternative to providing a deposit or bond directly to a supplier or vendor. It is an unconditional undertaking given by the bank, on behalf of our customer, to pay the recipient of the guarantee the amount of the guarantee on written demand.
It is an undertaking by the Bank that payments to the customers and suppliers will be met, without tying up working capital. The Bank holds the cash or assets as security for the guarantee. Customer provides the supplier with the guarantee instead of cash.

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