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Baba Sajilo Loan

    "Sajilo Loan" is a term commonly used by banks, microfinance institutions, or cooperatives in Nepal to describe a type of "simple" or "easy" loan product. The word "Sajilo" means "easy" or "convenient" in Nepali.

    General Meaning of Sajilo Loan:

    A Sajilo Loan usually refers to a small, quick, and hassle-free loan designed to meet the short-term financial needs of individuals. It often has:

    Common Features:

    • Minimal paperwork

    • Quick approval process

    • No or low collateral requirement

    • Smaller loan amounts

    • Flexible repayment options

    • Often targeted at low-income individuals, small entrepreneurs, or salaried employees

    Purpose:

    • Emergency expenses

    • Small business funding

    • Personal needs (e.g., education, health, household)

    • Agricultural or seasonal needs

    Who Offers It?

    • Cooperatives (Sahakari)

    • Microfinance institutions

    • Commercial and development banks

    • Digital lending platforms