This Home Loan is
designed for financing for purchase of land or building or construction of
residential home for individuals having reliable and stable income sources.
NPR 0.4 Million - up to Single Obligator Limit (SOL)
The maximum tenure of
the loan to be 30 years
- 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)
professionals (Doctors/Engineers/Bankers/CAs/Teachers etc.)
- Employees of
Corporate Business Houses
- Self Employed
- Other Individuals having
reliable and stable sources of income
The applicant should
provide at least the following documents before initiation of the credit
- Completed application
form of the bank.
- Map of the applicant's
residence and the to be purchased property
- Details of the
- Copy of citizenship of
applicant and the guarantors
- Income source documents
- Title deed of the
- 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
- Other related document
- Declaration from the
customer that the fund will be utilized specifically for the purpose of
acquiring and developing residential property only.