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Sunrise Sajilo Karja

Sunrise Sajilo Karja is published by Sunrise Bank Limited published on Official Page on 2076-8-5

Sunrise Sajilo Karja

Sunrise Sajilo Karja provides you an easy access to finance. You can use this fund in fulfilling your various social needs- from celebrating social/religious ceremonies like marriage, ‘Pasni’, ‘Bratabandha’ etc.  to financing higher education, travelling, covering home refurbishment, acquiring consumer durables and meeting other personal needs.

  • Sunrise Sajilo Karja can be availed on a revolving or non-revolving basis.

Key Features

Particulars

Sunrise Sajilo Karja- Revolving (Overdraft)

Sunrise Sajilo Karja- Non Revolving (Term Loan) 

Loan Limit

  • NPR 0.1 – 5 Million
  • NPR 0.3 – 15 Million

Eligibility

  • All Nepalese citizen having reliable and steady source of income
  • Monthly disposable Income (net saving after all expenses before interest) should be greater or equal to 1.5 times of monthly interest
  • All Nepalese citizen having reliable and steady source of income
  • Monthly disposable Income (net saving after all expenses before EMI) should be greater or equal to 1.5 times of  EMI

Security

  • Fixed Asset Collateral (Land or Land & Building)
  • Fixed Asset Collateral (Land or Land & Building)

Security Coverage Requirement

  • For loan less than NPR 5 Million: 130% in Distress Value(DV)
  • For loan greater or equal to NPR 5 Million:
  •  40% of Fair Market Value of Fixed Asset Collateral (inside valley)
  • 50% of Fair Market Value of Fixed Asset Collateral (outside valley)

Repayment

  • Principal repayable on maturity
  • Interest payable on monthly/quarterly basis
  • Equated Monthly Installment (EMI)

Tenure

  • 1 year.  Can be renewed on an annual basis.
  • 8 years


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