"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.
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:
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
Emergency expenses
Small business funding
Personal needs (e.g., education, health, household)
Agricultural or seasonal needs
Cooperatives (Sahakari)
Microfinance institutions
Commercial and development banks
Digital lending platforms