Development in the finance companies in Nepal is a must for the nation’s economic prosperity. In recent years the financial sectors of Nepal have had a lot of reformations. Not only A-class commercial banks but the establishment of C class financial institution has also been increasing. There are thousands of such institutions in Nepal.
While most of us simply take financial institutions as a company concerned with deposit and withdraw of money, it carries a broader term. Finance companies are the small financial institution established to serve the small financial need of customers.
There is a high abundance of a financial institution in Nepal. Finance companies in Nepal are C graded banking institution licensed by Nepal rastra bank. They are established to serve the needs of customers at a lower and local level.
Role of Finance Companies in Nepal
The finance company has played important role in Nepal in recent years in the field of income generation, entrepreneurship development, and women empowerment as well. Finance companies in Nepal are now established in rural areas as well as helping the people at the local level.
Companies play important role in increasing the life standard of people in rural areas. Some finance companies also provide internet banking services which allows users to use Esewa. Users can recharge NTC and Ncell online. Some also provide debit card service to users. Here is a list of some financial companies in Nepal.
A specialized monetary organization that supplies credit for the purchase of consumer goods and offerings through buying the time-scales contracts of retailers or by granting small loans directly to consumers.
Having your money on the line, you want to make sure that you make the best of choice. There are a lot of factors that make a finance company great. Well, here are the five best finance companies in Nepal in no order.
Among the thousands of such institutions, I am listing the best finance companies in Nepal operating in town in this article.
Shree Investment Finance Co. Ltd
Shree Investment & Finance Co Ltd is the other name in the finance sector. It has its head offices in Dillibazar, Kathmandu. It was established in 1994 by renowned businessmen of Kathmandu. Since then they have been attracting clients with special schemes and reliable service. For more information on their schemes and services please visit their website: https://www.shreefinance.com.np/
A “C” Class Financial Institutions licensed under Nepal Ratra BAnk is the Shree Investment and Financial. Through hard work and persistence, this company has successfully able to take a position in the financial sector of Nepal and shown prominent growth over the time period.
The company is dynamic in nature accepting, introducing, and evolving new products and services. With the aim to constantly be revolutionary and hold up with modifications to fill the demands and provide satisfactory services to investors, shareholders, stakeholders, and customers.
The company currently has branched out 7 department offices outside of Kathmandu Valley and the headquarters is located in Kathmandu with the aim of continuously unfolding out to other locations of the country in the near future
Lalitpur Finance Ltd
Lalitpur Finance often termed as LAFIN is another trusted financial institution in Nepal. It was established in 1998. They have their head office in Lagankhel, Lalitpur.
They have managed to stay in buzz with continuous innovation and dynamic strategies that best suits the need of customers and clients. Since its establishment, it has managed to gain a good response from clients. For more information on their schemes and offer visit their website: https://www.lalitpurfinance.com.np/Default.aspx
Established under the Finance Company Act 2043, the first private sector finance company which is owned by Lalitpur District is Lalitpur Finance Ltd. This company has been able to and is performing its features very successfully underneath the guidance of Nepal Rastra Bank. Due to their capability, this organization’s financial end result displays its sturdy strength.
Lalitpur Finance was once also listed in Nepal Stock Exchange on September 18, 1992. Transparency, accountability, statistics disclosures, and stringent ethics practiced at Lalitpur Finance Ltd.(Lafin) have now turn out to be its hallmark.
The aforementioned concepts have not solely established to be prevailing formulae, however, in the years, Lalitpur Finance has additionally helped us win investor’s confidence.
LAFIN helps customers in various organizations and households providing them revolutionary monetary products, solutions, and supporting them materialize their dreams. Lalitpur Finance provides varied economic services organization where speed, creativity, and responsiveness are the keys to their success.
United Finance Limited is another very popular name that is promoted by a reputed businessman of Nepal. It has its head office in Durbarmarg, Kathmandu.
It has the aim to provide a solution to all the banking needs of the customers through continuous improvement It started its operation back in 2051 BS as a National level finance company. For more information please visit the website: https://www.ufl.com.np/
Jebils finance has also been started with a team of professionals from various fields. Since its establishment, it has been serving a variety of customers. The head office is located in New road and branch offices are located throughout the country. For more information please visit the website: Jebils Finance
Nepal Finance Ltd
Nepal finance limited also known as Nefinsco is The First Finance Company run by the Private Sector in Nepal which was established in 2049 BS with aim of serving the community and they claim to be a trendsetter in the field of hire purchase and margin lending. For more information visit their website: https://www.nefinsco.com/
Prudential Finance Company
The prudential finance company was established in Baisakh 16 2061. Its head office is located in Shantimarg, Hattisar, Kathmandu, Nepal, and branches are spread throughout the Nation. It is one of the best finance companies in Nepal. They aim to serve every class of society and excel at providing the best financial services to the public.
Gurkhas Finance also is known as Kathmandu Finance Limited (KAFAL) was established on 2051 B.S. The ultimate motto of the company is to improve quality and provide better service to the customer every day.
With different schemes and offers for the customers, the finance has managed to gain the trust of valued customers. It is one of the best finance companies in Nepal.
Since its establishment, it has been working to provide all financial solutions to its customers. The head office is located in Dilli Bazaar, CharKhaal Road, Kathmandu. For more information please visit the website: gurkhasfinance.com.np
ICFC Finance was registered in 2001 under the company act 2053. It has its headquarter in Bhatbhateni, Kathmandu, Nepal, and operates throughout the country through its branches. The finance company is also run by well-qualified professionals from diverse fields. They focus on the financial needs of small and medium enterprises. ICFC is one of the best finance companies in Nepal.
GoodWill Finance Limited
Established under the Financial Company act 2042, on 2051BS commenced its operation as a financial organization under the license from Nepal Rastra Bank.
This company is the main issuer of financial services with a special combination of dedication and idea execution. With the imaginative and prescient of offering satisfactory financial services for success.
The Authorized Capital of the company is Rupees 1,000,000,000/- and the Issued Capital is 800,000,000/-. 51 percent of the Paid-Up Capital is held by the promoter and the remaining 49 is held by the general public. The shares of the Company are listed at Nepal Stock Exchange Limited (NEPSE).
In an economy driven by way of appetite for success, Sunrise Bank Limited is “Rising to Serve” through defining new tiers of offerings and products.
As a bank established by means of reputed entrepreneurs, we apprehend the desires of a developing economy and are properly geared up to serve them.expectation of its shareholders, depositors, customers, and different stakeholders.
The bank has dedicated to continuously try for realizing it is objectives with the aid of leading the banking in each and every the front with the expanded presence within and backyard the country. by targetting under-served or doable provider areas like SMEs and Retail businesses. They have reshaped and restructured the bank’s infrastructures and systems and serviced by means of environment-friendly and knowledgeable staff.
With the aim and vision of being able to declare itself as a most relied financial institution by means of imparting devoted providers to all clients is the Civil bank founded via promoter getting together from various diverse expert backgrounds.
Being able to render services to all classes and sectors of society by empowering financial growth.
The Civil Bank claims not to be playing around and is here to stay, they have absolutely no tolerance when it comes to regulations, policies, tops, and prudential banking norms with a strong belief in being able to sustain its moral enterprise values.
With the latest technologies and banking science, the bank steadfastly endeavors to create value for all stakeholders together with its promoter and shareholders.