A collateral-backed loan for purchasing e-rickshaws to support self-employment and income generation.
A collateral-backed loan for purchasing e-rickshaws to support self-employment and income generation.
Offered at a competitive interest rate of 13.88% per annum, the E-Rickshaw Loan Collateral is designed to give members of Mero Microfinance Bittiya Sanstha Limited timely access to credit through a simple, transparent process backed by our branch network.
Key Features
Interest rate of 13.88% per annum
Loan amount up to Rs. 5,00,000
Repayment tenure of Up to 5 years
Minimal documentation and quick processing
Eligibility
Nepali citizen aged 18 years or above
Existing or new member of Mero Microfinance Bittiya Sanstha Limited
Must demonstrate a regular income source or a viable business/income-generating plan
Should meet the group/center saving and attendance requirements, where applicable
Documents Required
Copy of citizenship certificate
Two recent passport-size photographs
Proof of income, business registration or land ownership, as applicable
Collateral documents, where the loan requires security
Recommendation letter from the group/center, for group-based loans