Progressive Finance Co. Ltd
Tinkune, Kathmandu (Corporate Office); main branch at Pako, New Road, Kathmandu ·
Progressive Finance Co. Ltd is a Nepal Rastra Bank Class-C licensed finance company offering deposit, loan, and digital financial services to small and medium-sized businesses.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Fixed Deposit | Fixed | 3yr+ | individual | 4.85% |
| Fixed Deposit | Fixed | 3yr+ | institutional | 4.35% |
| Fixed Deposit | Fixed | 2yr–3yr | individual | 4.25% |
| Fixed Deposit | Fixed | 1yr–2yr | individual | 4.00% |
| Fixed Deposit | Fixed | 2yr–35mo | institutional | 3.85% |
| Fixed Deposit | Fixed | 9mo–9mo | individual | 3.75% |
| Fixed Deposit | Fixed | 1yr–23mo | institutional | 3.60% |
| Fixed Deposit | Fixed | 6mo–6mo | individual | 3.50% |
| Fixed Deposit | Fixed | 3mo–3mo | individual | 3.25% |
| Fixed Deposit | Fixed | 9mo–9mo | institutional | 3.25% |
| Normal Savings | Normal Savings | — | individual | 3.25% |
| Fixed Deposit | Fixed | 6mo–6mo | institutional | 3.00% |
About Progressive
Progressive Finance Limited is a public limited Class-C finance company registered on 14 Ashwin 2051 BS and commenced operations from 14 Falgun 2052 BS. It was originally established as Merchant Finance Limited and renamed Progressive Finance Limited in 2067 BS following approval by its AGM, Nepal Rastra Bank, and the Company Registrar's Office. Headquartered in Tinkune/New Road, Kathmandu, it operates around 28 branches and offices across Bagmati, Madhesh, Koshi, and Gandaki provinces. The company is committed to providing quality financial services to small and medium-sized businesses with high integrity at affordable cost.
Source: www.pfltd.com.np
Contact
- Head office
- Tinkune, Kathmandu (Corporate Office); main branch at Pako, New Road, Kathmandu
- Phone
- 01-5199664, 01-5199665
- [email protected]
- Website
- https://pfltd.com.np
Products & Services
Deposits
9Bal Bachat Saving Account
A children's savings account to encourage early saving habits.
- Minimum balance Rs. 1,000
- Interest 2.90% p.a.
- Interest calculated quarterly
Employee Growing Plus Saving Account
A salary/employee-focused savings account.
- Minimum balance Rs. 1,000
- Interest 2.90% p.a.
- Interest calculated quarterly
Social Security Special Saving Account
A special savings account for social security beneficiaries.
- Zero minimum balance
- Interest 2.90% p.a.
- Interest calculated quarterly
Student Saving Account
A savings account designed for students.
- Zero minimum balance
- Interest 2.90% p.a.
- Interest calculated quarterly
Normal Saving Account
A standard everyday savings account with easy access to funds.
- Zero minimum balance
- Interest 2.90% p.a.
- Interest calculated monthly
Premium Bachat
A premium savings account offering a higher interest rate for larger balances.
- Minimum balance Rs. 100,000
- Interest 4.00% p.a.
- Interest calculated monthly
Fixed Deposit
A lump-sum deposit invested for a fixed term at a guaranteed rate, with option to borrow against it.
- 3 months: 3.75% p.a.
- 6 months: 4.00% p.a.
- 9 months: 4.25% p.a.
- 12-23 months: 4.50% p.a.
- 24+ months: 4.75% p.a.
- 36+ months: 5.35% p.a.
- Interest paid monthly or quarterly
Recurring Deposit
A scheme to deposit a fixed sum monthly and build bulk savings with interest at maturity.
Integrated Fixed Recurring Deposit
A combined product blending fixed and recurring deposit features.
Loans
21Personal Loan
A loan for fixed-asset investment or to meet personal financial requirements, secured against self-owned property.
- Loan up to NRs. 5 million (higher if justified)
- Interest Base Rate + premium up to 3%
- Available as revolving or term credit
- Secured against self-owned property
Professional Loan
Asset or non-asset based lending targeted at professionals such as doctors, engineers, CAs and officers.
- For doctors, engineers, pilots, CAs, officers
- Revolving loan capped at NRs. 5 lakh per individual
- Interest Base Rate + premium up to 3%
- Available as revolving and/or term loan
- EMI-based repayment
Share Loan / Margin Lending Loan
A loan to purchase NEPSE-listed public company shares, secured by pledged listed shares.
- For buying NEPSE-listed company shares
- Secured by pledge of listed shares
- Interest Base Rate + premium up to 3%
Deprived Sector Loan
Priority-sector lending to empower socially and financially deprived groups per government policy.
- For rural women, Janjati, Dalit, farmers, foreign workers
- Interest Base Rate + premium up to 2%
- Wholesale or retail distribution
- End-use monitoring of funds
Education Loan
A loan financing students or parents for higher education.
- For financing higher education
- Available to student or parents
Home Loan
A loan for purchase or construction of residential or commercial property.
- For purchase/construction of land, building, flat, apartment
- Covers residential and commercial property
Hire Purchase Loan
A loan to acquire durable movable fixed assets such as equipment and vehicles.
- For equipment and vehicles
- Covers durable movable fixed assets
Foreign Employment Loan
A loan financing individuals seeking employment abroad.
- For individuals going abroad for employment
Loan against Fixed Deposit Receipt
A loan granted against the borrower's own fixed deposit receipt with the finance company.
- Secured against own FDR
- Granted against deposit held at the finance
Loan Against Government Securities
A loan secured against government securities such as National Saving and Development Bonds.
- Secured against National Saving Bond / Development Bond
- Against government securities held by borrower
Industrial Loan
A loan made to a business or corporation rather than an individual.
- For businesses and corporations
Business / Commercial Loan
A loan for business purposes providing working capital or financing capital expenditure.
- For working capital or capital expenditure
- For business purposes
Service Sector Business Loan
A loan intended for businesses of a service nature.
- For service-sector business purposes
Real Estate Loan
A loan to acquire or significantly improve assets such as land and buildings.
- For acquiring or improving land and buildings
- Available to individual, firm or company
Inter-Finance Institution Loan
A short-term instrument banks/finance companies use to borrow from another institution.
- Short-term inter-institution borrowing
Productive Sector Loan
A loan targeting real sectors of the economy like agriculture, tourism and hydropower.
- For agriculture, tourism, hydropower, industries
Unified Agriculture Loan
A loan addressing working and fixed capital needs of Nepalese farmers.
- For Nepalese farmers
- Covers working capital and fixed capital
SME Loan
A loan extended to small and medium enterprises, firms and companies.
- For small and medium enterprises
- Available to business houses, companies, firms
Bridge Gap Loan
Short- to medium-term interim finance, generally backed by collateral.
- Short- to medium-term interim finance
- Generally collateral-backed
Demand Loan
A loan financing short-term current assets, seasonal business or working capital needs.
- For seasonal/working capital requirement
- Finances short-term current assets
Temporary Revolving Loan
A facility for short-term working capital needs in excess of already approved limits.
- For working capital above approved limits
- Short-term temporary facility
Digital & e-services
3Online Statement / E-Banking
An online portal for viewing account statements and e-banking.
- Online account statement access
- Accessible at estatement.pfltd.com.np
Mobile Banking App
A mobile banking application for account access on the go.
- Available on Google Play Store
- Available on Apple App Store
EMI Calculator
An online tool to calculate loan EMIs.
- Calculates loan EMI online
Digital & e-services
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.