This Real State Loan is designed for the financing of purchase of land and development of land towards land plotting for individuals and/or firms having identifiable income sources.

Major highlights:
Loan LimitThe minimum loan amount is NPR 1 Million and maximum is up to single obligor limit.
Loan Tenure

The tenure of the overdraft loan shall be one year from the date of disbursement. Overdraft loan may be renewed and the decision of the renewal is up to the loan approving authority.

(In case of term loan, the maximum tenure of the loan is above one year and up to 15 years from the date of disbursement.)
Repayment
Interest can be paid either on monthly or quarterly basis in case of overdraft nature loans and in case of fixed term loans principal and interest can paid on EMI basis or lump sum.
Financing

In case of Real Estate Property held as security, Maximum loan amount shall not exceed:

  • 40% of the Fair Market Value of Property for collateral inside of Kathmandu Value.
  • 50% of the Fair Market Value of the Property for collateral outside of Kathmandu Valley.
Eligibility
This loan may be granted to individual clients involved in purchase of real estate property or registered firms involved in real estate business like plotting of land and other uses. Term loan may be provided to individuals engaged in real estate business. 
Basic Document

The applicant should provide at least the following documents before initiation of the credit proposal.

  • Completed application form of the bank.
  • Firm/Partnership/Company Registration paper.
  • PAN copy
  • Latest tax clearance receipt/ tax payment vouchers
  • Article of Associations/Memorandum of Associations (In the case of companies)
  • Board minutes regarding loan amount /Authorize signatory for operation of account
  • Details of the guarantors
  • Copy of citizenship of Proprietor/Partner/Shareholders and the guarantors last two years audited financials & Three Years projection
  • Title deed of the related parties.
  • Permission from relevant authority for land plotting
  • Building construction permission from competent authority along with the drawing from engineer / architect and completion certificate in case of outright purchase of land and building
  • Payment receipt of latest land revenue
  • Four boundaries certificate of the proposed collateral security
  • Blueprint of land
  • Trace map of land
  • "Baina" paper (land purchase)
  • Other related documents as necessary
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Fd Rates
Fixed Deposits

9.00%

Less Than 2 Cr

Individual Deposit (2 Yrs < 30 Mth)

9.00%

Less Than 2 Cr

Individual Deposit (2 Yrs < 30 Mth) More Rates
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