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,Foeign Employment and Other
|Base Rate+4% Premium|
|Home, SME*, Industiral and Unified Agriculture||Base Rate+3% Premium|
|Deprived Sector(Wholesale**, Retail)||Base Rate+2% Premium|
|Subsidized Loan||As defined by NRB|
|FD Receipt Loan||Up to +3% on coupon rate or base rate|
|Consortium Loan||As per consortium decision|
Base rate of Magh 2077: 9.49%
*Industrial, commercial, Service sector and productive sector loans are included in SME loan henceforth
**Negotiable in case of MFIs
Note:Premium rate of each borrower shall be determined subject to loan type/category,tenure, internal credit risk grading etc.