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Loan Against Assets

With aim to have easy and quick access to your financial requirement we have designed this product. If you own any land and building or private vehicle, you can easily convert it into cash. You just need to rush to our any branches to enjoy this facility.
 

Loan Options

  • Loan Against Real Estate
  • Loan Against Private Vehicle
  • Loan Against Shares
 

Financing option

  • Maximum up to NPR 5 Million against real estate properties or 60% of Fair Market Value (FMV) whichever is lower
  • o Maximum up to NPR 5 million against private vehicles or 50% of valuation of vehicle whichever is lower
 

Interest Rate/Other Fees

  • Interest: As determined by the bank.
  • Fees : 1% Processing fee
 

Tenor/Maturity

  • Installment credit :
    • Maximum 20 years against real estate properties
    • Maximum 8 years against private vehicles
  • Line of credit:
    • One year revolving
 

Documents Required

  • Copy of Citizenship (mandatory for Nepalese) or Passport (for foreigners) - Applicable for all
  • PP size photograph (applicable for all)
  • Recent Salary Certificate for salaried employees
  • Certified Statement of Income for self-employed professionals
  • Contracts/ Agreements for individuals with fixed Income Sources such as lease agreements
  • Registration document at the concerned Nepal Government Office and Tax Office for firms/companies
  • Memorandum of Articles and Association (if Private Limited )
  • Partnership deed (for Partnership firm)
  • Board Resolution (if Private Limited and Institutions)
 

Applicable for Loan against Real Estate

  • Copy of the Land Ownership Certificate (Lal Purja)
  • Copy of Land Transfer Deed (Rajinama)
  • Blueprint of the Land (Napi Naksa)
  • Copy of the latest property tax paid receipt