Everest Bank Agricultural Loans: Rates, Limits, Eligibility & Repayment Options
20th July 2025, Kathmandu
Nepal’s agricultural sector forms the backbone of the country’s economy. Recognizing this, Everest Bank offers tailored agricultural loan products to support farmers and allied activities.
Everest Bank Agricultural Loans
These loans enable investments in crop production, livestock, irrigation, farming machinery, infrastructure, and more. Designed to meet the unique needs of Nepal’s farming community, Everest Bank’s agricultural loans empower farmers to enhance productivity, adopt modern technologies, and improve livelihoods.
Purpose Of Everest Bank Agricultural Loan
Everest Bank’s agricultural loans finance a wide range of farming and allied activities, including:
Cultivation of cereal and cash crops, vegetables, fruits, floriculture, and herbs.
Post-harvest management such as cold storage and food crop storage.
Livestock, poultry, fishery, and insect farming.
Animal husbandry and slaughterhouse infrastructure.
Irrigation facilities and equipment including canals, hand pumps, generators, pipelines, and pumps.
Agricultural machinery like tractors, threshers, harvesters, ploughs, cultivators, tillers, and other tools.
Infrastructure for livestock shelters, birdhouses, and fishery farms.
Advanced farming techniques such as tunnel farming and sprinkle irrigation.
Other agriculture-related activities as defined by Nepal Rastra Bank (NRB).
This comprehensive coverage ensures that farmers receive adequate credit support for all essential farming needs.
Eligibility Criteria For Agricultural Loan
Everest Bank grants loans to individual farmers, farmer groups, or aspiring borrowers with adequate farming experience and minimum landholdings, as per prevailing bank guidelines. This ensures credit is extended to genuine farmers with the ability to utilize funds effectively. The bank emphasizes responsible lending to promote sustainable agricultural development.
Loan Limits And Margin Requirements
Loan amounts are based on the specific needs of farmers. Everest Bank offers flexible loan limits with corresponding margin requirements:
Loans up to NPR 10 lakh: Require a margin of 15%.
Loans above NPR 10 lakh: Require a margin of 25%.
These margins act as the borrower’s contribution, ensuring commitment towards the farming activity.
Competitive Interest Rates And Flexible Repayment Terms
Everest Bank offers competitive interest rates on agricultural loans, subject to change based on market and policy conditions. Repayment options vary by loan type:
Term loans: Repaid via Equated Monthly Installments (EMIs), helping farmers manage monthly cash flow.
Demand loans: Repaid within two crop seasons, aligning repayment with agricultural cycles.
Loan types include term loans, overdrafts, demand loans, or composite loans, tailored to suit borrower requirements.
Security And Collateral
Loans are secured through hypothecation of crops or assets purchased with the loan amount. Additionally, borrowers must provide collateral or security valued at at least 200% of the loan amount. This safeguards the bank’s interest and promotes responsible borrowing.
Importance Of Agricultural Loans In Nepal
Supports a large farming population: Agriculture employs the majority of Nepal’s rural population.
Increases productivity: Loans enable farmers to invest in quality inputs, leading to higher yields.
Facilitates modernization: Financing for machinery and technology adoption improves farming efficiency.
Enhances storage and marketing: Loans for cold storage reduce post-harvest losses and improve market access.
Boosts farmer income: Better productivity and market linkage increase household earnings.
Contributes to food security: Higher agricultural output ensures national food sufficiency.
Manages risks: Loans offer financial buffers against weather, pests, and market volatility.
Promotes rural development: Credit access stimulates local economies and job creation.
Challenges And Innovations
Despite availability, some farmers face difficulties accessing loans due to limited collateral, small landholdings, or lack of awareness. To address this, Everest Bank, along with NRB, encourages innovative loan products such as group lending, flexible repayments, and insurance-linked credit, helping small and marginal farmers gain access to finance.
Conclusion
Everest Bank’s agricultural loans are vital financial tools designed to uplift Nepal’s farming community. With flexible terms, competitive rates, and comprehensive coverage, these loans empower farmers to modernize their practices and boost productivity. As Nepal’s agriculture sector moves toward sustainable growth and innovation, Everest Bank remains a trusted partner in advancing rural prosperity.
Farmers are encouraged to explore Everest Bank’s agricultural loan products and consult with bank representatives to find suitable credit solutions tailored to their farming needs.
For more:- Everest Bank Agricultural Loans
