Garima Bank Offers Loan and Credit Card Facility to Chartered Accountants
26th January 2026, Kathmandu
The professional landscape for financial experts in Nepal has received a significant boost through a strategic alliance between the banking and accounting sectors. Garima Bikas Bank Limited and the Institute of Chartered Accountants of Nepal have recently formalized a memorandum of understanding to offer a suite of specialized financial products.
Garima Bank Offers Loan
This initiative, known as the Garima Bank Loan for Chartered Accountants, is specifically designed to cater to the unique professional and personal financial requirements of these high level experts. By simplifying access to credit and reducing the burden of collateral, the bank is positioning itself as a primary partner for the nation’s financial gatekeepers.
A Professional Partnership for Financial Growth
The agreement was officially brought to life during a signing ceremony attended by Madhav Prasad Upadhyay, the Chief Executive Officer of Garima Bikas Bank, and Anup Nepal, the President of the Institute of Chartered Accountants of Nepal. The primary goal of this partnership is to provide members of the accounting profession with a streamlined banking experience that recognizes their professional standing and creditworthiness. Under the new framework, the bank will offer preferential interest rates and specialized loan structures that are often unavailable to the general public.
Expanding Liquidity through Credit Card Facilities
One of the most immediate benefits for chartered accountants under this scheme is the enhanced access to short term liquidity. Garima Bank has introduced a dedicated credit card facility with limits ranging from NPR 75,000 to NPR 500,000. These cards are intended to assist professionals in managing their daily operational costs, continuing education expenses, or personal travel. The application process for these cards has been simplified to require minimal documentation, ensuring that busy professionals can access credit without the lengthy delays typically associated with traditional banking products.
The Power of Unsecured Professional Loans
Perhaps the most significant component of the Garima Bank Loan for Chartered Accountants is the provision of unsecured personal professional loans. Eligible members can apply for loans of up to NPR 1.5 million without the need to pledge any physical collateral. This is a game changer for many young accountants who may be looking to establish their own private practices, invest in sophisticated accounting software, or renovate their office spaces. By removing the collateral requirement, the bank is demonstrating a high level of trust in the professional integrity and stable earning potential of the accounting community.
Advertisement
Comprehensive Financing for Life and Business
Beyond the immediate professional loans, the partnership extends to long term financial planning. Members of the Institute of Chartered Accountants of Nepal can also take advantage of the bank’s broader lending campaigns with specialized terms. For instance, the Own Your Home campaign currently offers housing loans with interest rates starting as low as 6.49 percent. Similarly, for those who wish to expand their businesses or invest in commercial assets, the Garima SME and Business Loan products are available starting at 5.99 percent. These rates represent some of the most competitive offerings in the current Nepalese market, providing a clear path toward asset ownership and business stability.
The Strategic Significance for the Professional Community
The introduction of the Garima Bank Loan for Chartered Accountants is more than just a marketing move; it is a step toward deeper financial inclusion for professional groups in Nepal. Historically, even high earning professionals have faced hurdles when seeking unsecured credit due to rigid banking regulations. This agreement sets a precedent for how banks can create niche products that serve the specific needs of different professional classes. For chartered accountants, having a banking partner that understands the nuances of their career trajectory allows for more strategic financial decision making and growth.
A Seamless Path to Financial Support
To take advantage of these facilities, interested chartered accountants must be active members of the Institute of Chartered Accountants of Nepal and meet the bank’s internal eligibility criteria. The bank has committed to maintaining a high standard of service for these applicants, with dedicated support staff available to guide them through the documentation and approval stages. By integrating these professional loans with other banking services like home and vehicle financing, Garima Bikas Bank is offering a holistic financial ecosystem for one of the most vital professional groups in the country.
The collaboration between Garima Bikas Bank and the Institute of Chartered Accountants of Nepal is a testament to the evolving nature of the Nepalese financial sector. By focusing on the specific needs of chartered accountants, the bank is not only supporting individual professional growth but also contributing to the overall strength of the financial consultancy and auditing market in Nepal. As more professionals take advantage of these unsecured loans and credit facilities, the impact is likely to be felt across the wider business community through improved professional services and increased economic activity.
For More: Garima Bank Offers Loan
