ICFC Finance Ltd
Thirbam Sadak-2, Bhatbhateni, Kathmandu, Nepal ·
ICFC Finance Ltd is a national-level Class "C" finance company in Nepal focused on serving small and medium enterprises (SMEs) with deposit, lending and digital banking services.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Fixed Deposit | Fixed | 3yr+ | individual | 7.00% |
| Fixed Deposit | Fixed | 2yr–3yr | individual | 6.25% |
| Fixed Deposit | Fixed | 3yr+ | institutional | 6.00% |
| Remittance Savings | Remittance | — | individual | 5.50% |
| Fixed Deposit | Fixed | 1yr–2yr | individual | 5.50% |
| Fixed Deposit | Fixed | 2yr–3yr | institutional | 5.25% |
| Fixed Deposit | Fixed | 1yr–2yr | institutional | 4.50% |
| Fixed Deposit | Fixed | 6mo–1yr | individual | 4.40% |
| Fixed Deposit | Fixed | 3mo–6mo | individual | 4.00% |
| Normal Savings | Normal Savings | — | individual | 3.60% |
Loan rates
| Product | Effective rate | Base | Premium |
|---|---|---|---|
| Home Loan / Hire Purchase Loan (Personal) | 10.00% (fixed) | 7.96% | — |
| Hire Purchase Loan (Commercial) | 11.00% (fixed) | 7.96% | — |
| Business Term Loan / Other Retail Loan | 11.00% (fixed) | 7.96% | — |
About ICFC
ICFC Finance Limited was incorporated on 22 September 2003 (originally as Investment and Credit Finance Company Limited, renamed ICFC Finance Ltd. on 1 March 2010), licensed by Nepal Rastra Bank on 14 July 2004 and commenced operations on 17 July 2004. It is a NRB-licensed Class "C" national-level finance company headquartered at Thirbam Sadak, Bhatbhateni, Kathmandu. The company was promoted primarily to cater to the financial needs of small and medium enterprises and is listed on NEPSE under the symbol ICFC.
Source: admin.icfcbank.com
Contact
- Head office
- Thirbam Sadak-2, Bhatbhateni, Kathmandu, Nepal
- Phone
- 01-4525292
- [email protected]
- Website
- https://icfcbank.com
Products & Services
Deposits
12Jumbo Saving
A general personal savings account with a low minimum balance.
- Product type: Savings
- Minimum balance NPR 100
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- Eligibility: natural person with citizenship/National ID
- Free debit card, mobile & e-banking, cheque book
ICFC Bumper Saving Account
A higher-yield savings account with a larger minimum balance.
- Product type: Savings
- Minimum balance NPR 5,000
- Interest 3.00% p.a.
- Interest calculated daily, paid quarterly
- Eligibility: natural person
- Free debit card, mobile & e-banking, locker, cheque book
Nari Bachat
A savings account aimed at women customers.
- Product type: Savings
- Minimum balance NPR 100
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- Eligibility: natural person
- Free debit card, mobile & e-banking, DEMAT, locker
Yuva Bachat
A savings account targeted at youth customers.
- Product type: Savings
- Minimum balance NPR 100
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- Eligibility: natural person
- Free debit card, mobile & e-banking, locker, cheque book
Keta Keti Bachat
A children's savings account operated by parents.
- For children below age 18
- Parents can operate the child's account
- Minimum balance NPR 100
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- School fees payable through IPS
Senior Citizen A/C
A savings account for citizens aged 50 and above.
- Eligibility: citizen aged 50 and above
- Minimum balance NPR 500
- Interest 3.00% p.a.
- Interest calculated daily, paid monthly
- Free debit card, mobile & e-banking, locker, cheque book
Employee Account
A salary/savings account for employees of an organization.
- Product type: Savings
- Minimum balance NPR 100
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- Requires appointment/confirmation letter from employer
- Free debit card, mobile & e-banking, cheque book
ASBA Saving
A savings account supporting ASBA share-application payments.
- Product type: Savings
- Minimum balance NPR 1,000
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- Eligibility: natural person
- Free debit card, mobile & e-banking, DEMAT, mero-share
ICFC Social Security
A zero-balance account for social-security allowance recipients.
- Product type: Savings
- Minimum balance: Nil
- Interest 2.75% p.a.
- Interest calculated daily, paid quarterly
- Requires Social Security Recognition Card
- Cheque book, locker, Connect IPS, RTGS
Remittance Saving Account
A savings account for remittance recipients / migrant workers.
- Minimum balance: Nil
- Interest: highest saving rate +1%
- Interest calculated daily, paid quarterly
- Requires valid work permit and visa/passport
- Free debit card, mobile & e-banking, DEMAT, locker
Fixed Deposit
A term deposit with tenure-based interest rates for individuals and institutions.
- Individual 1 to <2 years: 3.60% p.a.
- Individual 2 to <5 years: 4.00% p.a.
- Individual 5 years and above: 5.00% p.a.
- Remittance (individual): normal FD rate +1%
- Institutional 1 to <3 years: 2.75% p.a.
- Institutional 5 years and above: 4.00% p.a.
- Rates effective 1 Ashadh 2083
Recurring Fixed Deposit
A flexible monthly recurring deposit (ICFC Kramik Muddati Khata) for regular saving.
- Interest rate 3.60% (1-year FD rate)
- Minimum monthly deposit NPR 500
- Tenure 1 to 10 years
- Fixed installment and fixed interest for tenure
- Loan facility up to 90% after 3 months
- Age limit up to 65 years
Loans
8Housing Loan
A home/housing loan with long repayment tenure.
- Repayment up to 25 years
- Loan availed in 5 days
- Attractive interest rates
- Monthly or quarterly interest payment
- Available at any ICFC branch
Hire Purchase Loan
A vehicle/asset hire-purchase loan repaid in installments.
- Issued for up to 7 years
- Installment-basis repayment
- Reasonable interest rate
- Comfortable down payment
SME Loan
A loan for small and medium enterprises.
- Loan up to NPR 2 crore
- Up to 90% of mortgage value
- Fixed-capital loan repayable up to 15 years
- Attractive interest rates
- Available across ICFC branches
Easy Business Loan
A working-capital loan for small and medium businesses.
- For small and medium business organizations
- Installment or revolving basis
- Interest charged on used limit only
- One account operation
- Hassle-free processing
Personal Loan
A personal loan secured against real-estate collateral.
- Against mortgage of real estate only
- Loan amount up to NPR 10 million
- Competitive market interest rates
- For personal financial requirements
Professional Loan
A loan targeted at professionals such as doctors, engineers and CAs.
- Targeted at doctors, engineers, CAs, lawyers, salaried staff
- Competitive market interest rates
- Repayment on EMI basis
Loan Against Fixed Deposit
An overdraft/loan secured against the customer's fixed deposit.
- Up to 90% of fixed deposit
- Interest up to FD rate +3%
- Quarterly interest posting
- Auto repayment on FD maturity
- Hassle-free processing
Loan Against Share
A loan for investment, secured by pledging listed shares.
- Loan up to 65% of pledged share value
- Tenure 1 year, renewable annually
- For investment purpose against pledged shares
Cards
1SCT UPI Debit Card
ICFC's debit card on the SCT/UPI network for withdrawals, shopping and travel.
Digital & e-services
9Mobile Banking
ICFC's mobile banking application for account access and payments.
Internet / e-Banking
ICFC's internet banking service for online account management.
Load Digital Wallet
Service to load funds into digital wallets from an ICFC account.
SMS Banking
Account information and alerts via SMS.
DEMAT
Dematerialized securities account service.
C-ASBA / Mero Share
Online share application (ASBA) and Mero Share services.
Connect IPS / RTGS / Inter Bank Transaction
Interbank fund transfer services via Connect IPS, RTGS and IBFT.
Locker Facility
Safe deposit locker service (subject to availability).
Discount Outlets
Discount offers at partner outlets for ICFC customers.
Remittance
1Remittance
Domestic and inbound money-transfer/remittance services.
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.