This Real State Loan is designed for the financing of purchase of land and development of land towards land plotting for individuals and/or firms having identifiable income sources.
|Loan Limit||The minimum loan amount is NPR
1 Million and maximum is up to single obligor limit.|
The tenure of the overdraft loan shall be one year from the date of disbursement. Overdraft loan may be renewed and the decision of the renewal is up to the loan approving authority.(In case of term loan, the maximum tenure of the loan is above one year and up to 15 years from the date of disbursement.)
|Repayment||Interest can be paid either
on monthly or quarterly basis in case of overdraft nature loans and in case of
fixed term loans principal and interest can paid on EMI basis or lump sum.|
In case of Real Estate Property held as security, Maximum loan amount shall not exceed:
|Eligibility||This loan may be granted to individual clients involved in purchase of real estate property or registered firms involved in real estate business like plotting of land and other uses. Term loan may be provided to individuals engaged in real estate business. |
The applicant should provide at least the following documents before initiation of the credit proposal.