NIMB Gold Silver Loan Nepal: Apply Now for Fast Cash
31st May 2025, Kathmandu
In Nepal, gold and silver are more than just ornaments. They are treasured assets passed down through generations and a reliable financial backup during tough times. Recognizing this, Nepal Investment Mega Bank (NIMB) has introduced a Gold and Silver Loan scheme.
NIMB Gold Silver Loan Nepal
This loan lets you borrow money by pledging your gold or silver, without selling them. It’s a secure, fast, and efficient way to meet your short-term financial needs.
Let’s explore how this loan works, who can apply, and what makes it a great option for Nepalese citizens.
Gold And Silver: Not Just Jewelry, But Financial Tools
For decades, families in Nepal have trusted gold and silver as safe investments. These metals are easy to store, increase in value over time, and come in handy when emergencies strike. Whether it’s for funding your child’s education, paying medical bills, expanding a small business, or handling unexpected costs, these assets can be turned into cash quickly through NIMB’s dedicated loan scheme.
Unlike selling your jewelry or coins, the NIMB Gold and Silver Loan allows you to keep ownership. You only pledge the items temporarily, and once the loan is repaid, your assets are safely returned.
Who Can Apply For The Loan?
This loan is only available to Nepalese citizens, helping ensure the bank supports the local population. If you are a Nepali national aged 21 years or older, you are eligible to apply for this loan. You must also have a valid citizenship certificate and submit the required personal and financial documents.
Loan Structure: How It Works
NIMB offers this loan as a Time Loan, meaning you borrow a fixed amount for a specific period with a clear repayment plan. The maximum loan tenure is 1 year, making it ideal for short-term financial goals. You repay the loan amount along with interest either during or by the end of this period.
Accepted Forms Of Gold And Silver
Not all forms of gold and silver are accepted, so it’s important to understand what qualifies as security:
Gold: You can pledge gold bars, coins, and ornaments. These must be between 18 to 24 carats in purity. The higher the purity, the higher the loan amount you can get.
Silver: You can only pledge pure silver bars, coins, or dust. Silver ornaments are not accepted due to difficulty in purity verification.
Loan-to-Value (LTV) And Valuation Method
The loan amount depends on the type and purity of the metal you provide:
For gold bars or coins, you can borrow up to 80% of the Fair Market Value (FMV).
For gold ornaments, you can get up to 70% of the FMV. Stones or other materials in the ornaments are not considered during valuation.
For pure silver, the loan amount is limited to 60% of the FMV.
The FMV is calculated based on the average market price of the last 30 days or the latest market rate, whichever is lower. This conservative approach protects both the bank and the borrower from market volatility.
Documents You Need To Apply
To ensure a smooth process, NIMB requires you to submit several documents. These include:
Duly filled application form and Borrower Information Sheet (BIS)
Know Your Customer (KYC) form or updated account details
Citizenship certificate (self-attested copy)
PAN certificate if the loan amount exceeds NPR 5 million
Net worth statement and multiple banking declarations
Credit Information Centre (CIC) report
Relationship verification documents (if needed)
Any other documents as requested by the bank
Additional Terms And Conditions
There are a few important rules to keep in mind:
You can prepay up to 50% of the loan before the tenure ends.
Once pledged, you cannot replace the gold or silver with another item.
You may renew the loan every year if your account has a good repayment history and all interest payments are cleared.
If you choose auto-renewal, you must instruct the bank at the time of the initial application.
Interest Rate Options: Choose What Suits You
NIMB offers both floating and fixed interest rates, giving you flexibility:
Floating Rate: The rate is based on the bank’s base rate plus a premium. It can be revised quarterly depending on market conditions and NRB policies.
Fixed Rate: This rate remains unchanged for a certain period. It can be reviewed for the first time after 7 years, and every 5 years afterward, with your written consent.
Interest is calculated on a daily outstanding balance and charged on a quarterly basis.
Charges You Should Know
Here’s a breakdown of potential charges:
Loan Management Charges: As per the bank’s Standard Tariff of Charges (STC)
Commitment Fee: Not applicable unless specified in STC
Gold/Silver Insurance Fee: 1% of the value for one year (charged pro-rata for early settlements)
CICL Charges: Based on actual cost incurred
Processing Fees or Other Charges: As per STC
Disbursement And Margin Call Policy
Loan amounts are credited directly into your bank account in a lump sum, making the process quick and efficient. However, if market prices drop:
A 15% drop in value triggers more frequent (fortnightly) monitoring.
The bank issues a 7-day margin call notice if needed.
If the loan is not corrected within 35 days, the bank will publish a 7-day auction notice to recover the dues.
Why Choose NIMB Gold And Silver Loan?
This loan scheme offers peace of mind, knowing your valuables are safely stored while giving you access to much-needed cash. It’s ideal for anyone looking for a fast, secure, and transparent loan option using gold or silver. With competitive interest rates, flexible renewal options, and a quick disbursement process, NIMB makes borrowing against your precious metals easy and stress-free.
Conclusion
Gold and silver are more than just family treasures. They are assets that can work for you when needed. NIMB’s Gold and Silver Loan turns these assets into a financial solution without forcing you to sell what you value. Whether for business, personal, or emergency needs, this loan offers a secure and smart way to access funds when you need them most.
Unlock your assets. Secure your future. Choose NIMB Gold and Silver Loan today.
For more: NIMB Gold Silver Loan Nepal
