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E-Rickshaw Loan Collateral

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

Quick Information

Interest Rate 13.88%
Max Amount Rs. 5,00,000
Tenure Up to 5 years
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