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Home Loan

Dream on! We will take you there. With that aim, we have brought Home Loan scheme to make your dreaming of your own sweet home comes true. You just need to step inside to make your dream come true. Information that you need to know to make your decision is mentioned below.


 

Product Purchase Options:

  • Purchase of Land
  • Purchase of Apartments
  • Construction of Buildings
  • Renovation / Extension


 

Financing Options:

  • Maximum up to NPR 8 million
  • Or up to 66.67% of Fair Market Value (FMV) in case of Land
  • Or up to 66.67% of FMV in case of Apartments
  • Or up to 80% of construction cost in case of construction/renovation/extension not exceeding 60% of FMV of land and building taken together


 

Interest Rate/Other Fees:

  • Interest: As determined by the bank. Current rate: 14 - 18 % p.a.
  • Fees : 1% Processing fee


 

Tenor/Maturity:

  • Maximum 240 months/20 Years


 

Documents Required:

  • Passport size photo of applicants / guarantor
  • Copy of citizenship document of borrowers / guarantor
  • Copy of Land ownership document (lal purja)
  • Copy of Transfer deed (Rajinama)
  • Blue Print of Land
  • Building construction approval from Municipality / VDC along with drawing plans (applicable where building is involved).
  • Char Killa (four boundary)
  • Land revenue tax (malpot receipt)
  • Income certifying document (salary letter, balance sheet, rental agreement etc)
  • Firm / company registration and PAN in case of business entity.
  • Valuation report from Bank's approved valuators.


 

Applicable for loans applied for construction purposes

  • Bill of Quantity (Cost Estimate) provided by the applicants' Consultant / Engineer / Builder or Developer
  • Copy of Building Permit (Naksa Pass) from related authority (Municipality, VDC etc.)