Earthquake Victims Personal House Development Loan

Major Highlights:

Loan LimitUp to NPR 300,000.00
Loan Tenure
  • Tenure of the Loan under this product paper shall not exceed Maximum of 5 Years except for Agriculture Business Loan in which case it can be up to 10 years however subsidy will be available for 5 years only.
  • Tenure of loans should be determined on the basis on nature of business
  • Loan repayment schedule shall be prepared considering the type of loan, amount, purpose and risk associated with the loan product.
  • Nature of Loan can be Term or Overdraft.
Eligibility
  • Has not received any organizational subsidy other than Personal Loan Subsidy from Nepal Government
  • Has entered into an agreement with National Reconstruction Authority for the construction of Personal home and unable to start the construction due to economic deficit.
  • Proposed loanee or his family member do not own any live able residential home.
  • Construction of house shall be completed within the time frame permitted by National Reconstruction Authority.

SecuritiesEarthquake Victims Personal House Development Loan will be secured through Group Guarantee or mortgage of securities.
Basic Documents
  • Loan Application Form
  • Business Registration documents from appropriate authority
  • Copy of Permanent Account Number (PAN)
  • Copy of Citizenship document
  • A brief proposal regarding Business Operation and Loan utilization, Detailed Project Report for Agriculture Business Loan more than 10 lakhs.
  • Self-declaration Regarding No Blacklisting under Credit Information Bureau.
  • Group Guarantee documents for loans involving Group Guarantee.
  • Separate files and Index documents for Loans Under this product paper
  • For Earthquake Victims Personal House Development Loan:

    • Certified Copies of agreement with National Reconstruction Authority for the construction of Personal home.
    • A recommendation letter certified by the local authority that the applicant has not applied for second Installment of personal house subsidy.
    • Documents required for mortgage.

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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

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