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२९ माघ, २०७७
11th Feb, 2021
Thu, February 22, 2024
वि.सं २०८० फाल्गुण १०,बिहिबार

Home Loan

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.


Major highlights:

Loan Limit

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

Loan Tenure 

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.
Collateral required

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

Financing

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.



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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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