GIBL launches Fast Loan Against Share (FLASH) scheme
Through this digital platform, customers can pledge their shares as collateral and obtain loans through a simplified process.
KATHMANDU: Global IME Bank Limited (GIBL) has launched a “Fast Loan Against Shares” platform, allowing interested individuals to apply for share-backed loans online.
Through this digital platform, customers can pledge their shares as collateral and obtain loans through a simplified process.
Customers can use the online platform to submit loan applications and provide the required documents digitally.
After completing the online application, applicants can also track the status of their loan request independently.
Currently, the loan limit for this share-backed loan has been set between a minimum of Rs 500,000 and a maximum of Rs 2.5 million.
Only shares owned by the applicant themselves will be accepted as collateral for the loan; shares owned by others will not be eligible.
This service is also available within the bank’s recently launched digital universe.
