Overdraft/Working Capital

If you are planning to start a new business venture or to expand your existing business and have felt of sort for fund for day to day management of business or in need of short term capital then here at Shangri-La Development Bank we are always ready to assist you in such activities.

Product that you can avail for
a Inventory / Stock Level Management
b Day to Day cash Management
c Short Term Capital Need
a Collateral (Fixed Assets) shall be required for all the above mentioned product
b Maximum of 70% of distress value of the collateral shall be availed as loan
c Collateral should be accessible by at least 8 feet wide motorable road
d Collateral should be free from Guthi and mohi; and far from high tension wire
e Collateral shall be valuated by authorized valuator of the bank
f Maximum tenure of loan shall be of 1 year
g Client should be at least of 21 years and should not be more than 60 years at the time of availing loan
a Easy repayment plan matching with the income of the client
b Personalized service
c Quick processing
d Easy documentation
Documents Required
a Passport size photograph (3 Copies) of Loan Applicant / (1 copy) of Guarantor
b Photocopy of Citizenship of Applicant / Guarantor
c Photocopy of Registration No and PAN of Company or Firm
d Copy of Memorandum of Association and Article of Association in case of company
e Partnership deed in case of Partnership Firm
f Board Resolution in case of Company
g Application with appointment for authorization for transactions with bank
h Photocopy of Land/Building Ownership certificate (Lal Purja)
i Four Boundary Certificate ( Char Killa )
j Blue Print Map of the proposed collateral land
k Building construction approval from Municipality / VDC along with drawing plans (applicable where building is involved)
l Land revenue tax (malpot receipt)
m Audited and Projected Financial Statement
n Feasibility Report of the business or Business Plan

Charges and Interest Rate
Please visit our nearest branch for further information and to learn about charges and interest rate.