KATHMANDU: Global IME Bank Limited (GIBL) has launched a Fast Loan Against Shares digital platform, enabling share investors to apply online for loans by pledging their shares as collateral.

Through this newly introduced digital platform, customers can obtain share-backed loans via a simple, fast, and paper-light process.

Applicants can submit loan requests online and upload the required documents digitally.

Customers are required to visit a bank branch only once, prior to loan approval, to sign the necessary documents.

After completing the online application, applicants can also track the status of their loan request independently through the platform.

The loan amount under this facility ranges from a minimum of Rs 500,000 to a maximum of Rs 5 million.

Only shares owned by the applicant will be accepted as collateral. Shares belonging to third parties will not be considered for this loan facility.

The service is available through 31 branches of Global IME Bank, allowing applicants to select their most convenient branch while submitting the online application.

This facility is also accessible via the bank’s Digital Universe platform. Interested share investors can apply for the loan by clicking on the link provided by the bank.