Nabil Bank and UKAid joins hands to make investment; Bank inaugurates SME Hub for providing financial assistance to small and medium business

Nabil Bank and UKAid Saksham Access to Finance Program (Saksham) has joined hands to invest in Small and Middle scale industries. The two institutions have formed an alliance to expand the financial access in various areas.

After this agreement, the bank will be increasing its financial assistance to rural areas by establishing SME Loan Department.

Bank has opened a Mid-Corporate and SME Hub. Chairman of the bank, Mr Sambhu Prasad Poudel had inaugurated the hub situated in United World Trade Center. This Hub will be involved in providing services related to business, production and services. This Hub will also monitor all the direct as well as indirect microfinance related activities performed by Nabil Bank.

The Hub will float loans from Rs 3 crore to Rs 10 crore and SME will provide loans upto Rs 3 crore.

The bank will assist the small and medium level business by providing quick loans with interest rate of 11.50%, loan amount of Rs 5 lakh to Rs 3 crore and many such facilities.

These facilities will be available in all the branches of the bank.