LOANS & CREDIT
When it’s time to finance a golden opportunity, a college education or you and your family just need a little extra cash to get through an unexpected emergency, expect more loans and credit services from Progressive Finance — more loan options, more guidance, more understanding. Whatever goal you’re trying to achieve, whatever need you’re trying to meet, Progressive Finance will be happy to assist you in determining what loan option will work best for you.
|Loan Type||Interest Rate|
|Auto/Hire Purchase, Real Estate, Personal, Share, Educational, Foreign Employment,
Home, Loan Against Insurance Policy, Unified Agriculture – Personal (Above Rs. 1 Million),
SME (Above Rs. 10 Million), Unified Agriculture – Business (Above Rs. 10 Million), and others
|Base Rate + Premium upto 7%|
|SME Up to Rs. 10 Million, Unified Agriculture – Personal (Up to Rs. 1 Million), Unified Agriculture – Business up to Rs. 10 Million||Base Rate + Premium upto 2%|
|Deprived Sector(Wholesale**, Retail**)||Base Rate + Premium upto 2%|
|Subsidy Loan||As defined by NRB|
|FD Receipt Loan||Up to +3% on coupon rate or base rate|
|Consortium Loan||As per consortium decision|
|Fixed Rate to All Loan Porducts||13.50%|
Base rate of Ashadh, 2078: 9.42%
** Negotiable in case of Retail(Direct Lending) on Deprived Sector
Note: Premium rate of each borrower shall be determined subject to loan type/category, tenure, internal credit risk grading etc.