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.