Home Loan

NPR 0.4 Million - up to Single Obligator Limit (SOL)

The maximum tenure of the loan to be 30 years

Repayment

• Loan disbursed in lump sum value - to be repaid through Equated Monthly Installment (EMI) basis.
• Loan disbursed phase wise only - Interest has to be paid until the full disbursement whereas EMI shall be generated considering the remaining tenure of the loan.

The loan shall be secured against registered mortgage of the real estate being financed or any other unrelated collateral security.

The total financing should not exceed 100% of the total estimate cost of building (building construction purpose)

Eligibility

• Employed professionals (Doctors/Engineers/Bankers/CAs/Teachers etc.)
• Employees of Corporate Business Houses
• Self Employed Professionals/Business persons
• Other Individuals having reliable and stable sources of income

Basic Documents              

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

• Completed application form of the bank.
• Map of the applicant's residence and the to be purchased property
• Details of the guarantors
• Copy of citizenship of applicant and the guarantors
• Income source documents
• Title deed of the related properties
• 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 proposes collateral security
• Blue print of land
• Trace map of land
• Valuation/estimated cost from valuator
• Other related document as necessary
• Declaration from the customer that the fund will be utilized specifically for the purpose of acquiring and developing residential property only.