Emergency Loan
Emergency Loan
Loans provided for unexpected incidents involving the
member or their immediate family (such as emergency hospitalization,
childbirth, diarrhea, heart attack, snakebite, accident, appendicitis, natural
disasters, and death) are referred to as Emergency Loans.
1.
Loan Tenure:
The
maximum tenure for this type of loan will be up to 6 months.
2.
Loan Limit:
The
maximum amount for this loan will be NPR 50,000.
3.
Repayment Method:
This
loan must be repaid in a lump sum.
4.
Interest Rate:
The
interest rate for this loan will be determined by the board of directors from
time to time. If the loan is repaid within 1 month from the date it was taken,
the entire interest amount will be waived.