Home Loan

INVESTING WITH US ENTITLES

Finance up to NPR 10,000,000/-(Max) or 60% of the total value (whichever is lower)

  • Ready-made Houses/Buildings
  • Construction of House/Buildings,
  • Ready-made apartment, bungalow, duplex
  • Renovation and / or extension of building

 

 

Tenure

  • Maximum of 15 years
  • Loan shall be terminated on /or before 60 years of age of the borrower.
  • Repayment: Equal Monthly Installments (EMI)

 

ELIGIBILITY

  • Self employed professionals having reliable/stable source of income or income of own family supported by the documentary evidence.
  • Any other individuals having identifiable source of income supported by the documentary evidence of the same.
  • Employees of corporate entities supported by salary slips and employer's undertaking that salary will be routed through the Bank.
  • Borrowers' uncommitted  income should be 25% more than the Equated  Monthly Installment (EMI)
  • Nepalese Citizens only but should be above 18 years of age and last installment to be repaid within 60 years of his/ her service, unless steady and regular income justifies.
  • For the corporate borrowers, company's past performance of 2 years and projection reports of 2 years, (including current year) its financials as well as the reputation of the promoters will be considered.


FEES AND CHARGES

The following charges are to be levied

  • Unscheduled payment: 1.5% of payment amount (conditions apply).
  • Management fee: 050%( Flat) of the loan amount or NPR 5,000 (whichever is higher)
  • CIC Charge: on actual basis

 

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