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Citizens Loan

Subsidized Loan

Bank has offered various concessional loans for paving the way for unemployed educated youths, returnee migrant works, women entrepreneurs, Dalits, earthquake victims, other targeted groups as Subsidized loans. Details of various subsidized loans are as follows:

1. Commercial Agriculture and Livestock Loan

Purpose: To meet the financial requirement for commercial agricultural and livestock farming (e.g: seed plantation, vegetable, forestry, Horticulture, Animal Husbandry, production, processing, stocking and selling and distribution)
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 50.00 Million
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 5% (No other charges)

Eligibility Criteria:

  • The applicant must be at least 18 years and should not exceed 60 years at the time of maturity.
  • Should not be blacklisted at CIC

2. Educated Youth Self Employment Loan

Purpose: To meet the financial requirement to jobless educated individuals to start a business
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 700,000
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 5% (No other charges)

Eligibility Criteria:

  • Should have minimum academic qualification of Bachelor Degree or Equivalent.
  • Should not be above 40 years of age at the time of loan approval
  • Required to submit original academic certificate as collateral
  • The applicant must have taken at least 7 days entrepreneurship or skills training from government entity viz; Department of Cottage and Small Industries, Vocational and Skill Development Training Centre, Council for Technical Education & Vocational Training (CTEVT) etc.
  • Should not be blacklisted at CIC

3. Foreign Employment Returnee Project Loan

Purpose: To meet the financial requirement for doing various businesses
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 1.00 Million
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 5% (No other charges)

Eligibility Criteria:

  • The borrower shall have minimum working experience (with or without obtaining work permit) of at least 6 months in training/employment/business field from the foreign country.
  • The individuals holding permit for permanent residency (PR/Green Card) shall not be eligible to avail such loan.
  • Return date should not exceed time frame of 3 years (documentary evidence required).
  • This facility shall be provided to foreign employment returnee against the Business project related to the knowledge and skill he gained abroad
  • Should not be blacklisted at CIC

4. Women Entrepreneurship Loan

Purpose: To meet the financial requirement of the woman for encouraging them to start business venture
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 1.50 Million
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 6% (No other charges)

Eligibility Criteria:

  • Loan to be advanced to woman only
  • Where loan is provided to a group, group should be form with minimum of 5 women from different families having minimum age of 18 years
  • Should not be blacklisted at CIC

5. Dalit Community Entrepreneurship Development Loan

Purpose: To meet the financial requirement of the youth under Dalit Community to start business for modernizing and promoting the traditional skill and occupation of Dalit Community.
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 1.00 Million
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 5% (No other charges)

Eligibility Criteria:

  • The borrower should be from Dalit Community
  • Recommendation from Rural-Municipality (Gaupalika) or Municipality regarding their belongingness to Dalit Cast
  • Shall operate business for modernization and promotion of traditional skill and occupation of Dalit Community
  • Where loan is secured to the group, group should be form with minimum of 5 individuals of Dalit Cast from different Dalit families having minimum age of 18 years
  • Should not be blacklisted at CIC

6. Higher & Technological or Vocational Education Loan

Purpose: To meet the financial requirement of the student to pursue higher, Technological and Vocational bachelor level or higher studies defined by Nepal Government.
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 500,000.00
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 5% (No other charges)

Eligibility Criteria:

  • Should have minimum academic qualification of Higher Secondary Level or Equivalent.
  • Should not be above 25 years of age at the time of loan approval
  • Documentary evidence of admission or Documents verifying the eligibility of admission in the Educational Institution of Nepal
  • Should not be blacklisted at CIC

7. Earthquake Victims Residence Construction Loan

Purpose: To support the earthquake victims to construct the residential building for personal use.
Nature: Terminating loan payable in Equal Monthly Installment
Loan Size: Minimum of NPR 50,000.00 and Maximum of NPR 300,000.00
Tenure: Minimum: 1 year

Maximum: 5 years

Rate of interests: Base Rate of last month plus Premium Rate @ 2% minus Interest Subsidy of 5% (No other charges)

Eligibility Criteria:

  • Earthquake victims should not have taken any institutional subsidy other than the subsidy provided by Nepal Government.
  • Earthquake victims unable to construct residence due to financial crisis that has entered into agreement with National Reconstruction Authority.
  • Neither of the borrower nor the immediate family member has residence within the nation.
  • The subsidized loan facility must be utilized within the time frame defined by National Reconstruction Authority to construct (complete) the home.
  • Borrower availing the earthquake victim residence reconstruction loan shall not be eligible to apply for loan under any other scheme.