Global IME Bank launches Fast Loan Against Share scheme

KATHMANDU:Global IME Bank Limited has announced the Fast Loan Against Share Platform. Customers who are interested can apply online for a share mortgage loan under this.

According to the bank's press statement, customers can pledge their shares and acquire share mortgage loans using this digital platform in a simple process.

Using this platform, customers can apply for loans online and submit all the required documents. After completing the online application in this process, the applicant can check the progress of their application.

The limit of this share mortgage loan is currently a minimum of Rs. 5 lakh to a maximum of Rs. 25 lakhs has been fixed.

The shares accepted as collateral for this loan must be the applicant's own; shares owned by others will not be accepted as collateral.

This feature is also available in Digital Universe, the bank's freshly created platform.

Global IME Bank is a commercial bank with branches in 77 districts. The bank operates over 1,000 service centers, including 354 branch offices, 384 ATMs, 255 branchless banking services, 68 extension and revenue collection counters, and three international representative offices.