Personal Overdraft Loan

Loan Limit

• The minimum loan amount to be sanctioned is NPR 0.3 Million
• In case of overdraft loan, the maximum limit of loan is NPR 5 Million
• In case of term loan for personal purpose, the maximum limit is NPR 50 Million
• The loan limit of mortgage term loan is above 50 lakhs and maximum up to single obligor limit.

Loan Tenure

• The maximum tenure for personal term loan is 10 years.
• The maximum tenure for mortgage term loan is 20 years.
• The maximum tenure for personal overdraft loan is 1 year.

• Mortgage & personal term loan is to be repaid through Equate Monthly Installment (EMI).
• The personal overdraft loan is in the nature of revolving and can be renewed after due completion of the related provisions. 

Land or Land & Building will consider as a collateral. 

Calculated as 80% of the Fair Market Value

• 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 loan 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 completion certificate in case of 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
• Other related document as necessary
• Documents conforming the utilization for Mortgage loan