Nepal Bank Limited
Nepal Bank Limited

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Loan / Advances

Consumer Loans

NBL Personal Loans

  • Provided to fulfill the personal needs of an individual
  • Provided against the land and building

Types

  • Personal Term Loan
  • Personal Overdraft Loan

Contact: Any branches of NBL.

Eligibility:

  • Borrower must have regular and stable source of income
  • Borrower must be Nepalese citizen
  • The collateral must be accessible by at least eight feet wide road
  • Borrower must have experience of at least 3 years
  • Borrower must be 21 years of age and should not exceed 60 at the time of maturity of loan.
  • The retirement age must be more than the tenure of the loan.

Parameters

Criteria Parameter
NBL Personal Term Loan
Loan amount Minimum: Rs. 500,000 Maximum: Rs. 5,000,000
Loan portion Up to 60% of value estimated by valuator acceptable to the bank
Tenure Minimum: 2 years Maximum: 15 years
First payment date From the end of the subsequent month of initial drawn down.
Prepayment charge No prepayment fee will be charged if paid after maturity of 1/3 of the loan period. 2% prepayment charge will be levied if prepayment is made within 1/3 of loan period.
NBL Personal Overdraft Loan
Loan amount Minimum: Rs. 500,000 Maximum: Rs. 5,000,000
Loan portion Up to 50% of value estimated by valuator acceptable to the bank
Tenure 1 year; can be renewed subject to periodic review
Min. utilization limit Rs. 500,000


Processing fee

1% of the financed amount at the time of submission of loan application. The fee shall be refunded if the loan is not approved.

Documents

Documents Salaried Self employed
Identification documents    
2 Passport size photo of applicant and one passport size photo of guarantor Required Required
Photocopy of citizenship certificate of applicant and guarantor Required Required
Photocopy of Tax/PAN/VAT certificate and registration certificate Not required Required
Proof of Income related documents    
Original Salary Certificate not more than 10 days old Required Not required
Photocopy of contract agreement between applicant and his/her employer Required Required
Photocopy of Rent Contract, if any Required Required
Original/photocopy of Bank Statement (Past 6 months) Optional Optional
Photocopy of audited/management prepared financial statements for past 3 years Not required Required
Land and/or building related documents    
Original letter stating coparcener (अन्सियार) from local authority (Ward) Required Required
Original Blue Print of the land (नापी नक्सा) Required Required
Original copy of restraint letter (रोक्का पत्र) from Land Revenue Office (मालपोत कार्यालय) Required Required
Original construction completion certificate from Municipality/VDC in case of purchasing already built house (निर्माण सम्पन्न प्रमाणपत्र) Required Required
Original/photocopy of detailed break down of cost estimation from the applicant’s consultant Required Required
Original land ownership certificate (लालपूर्जा) Required Required
Original latest land revenue receipt (तिरो तिरेको रसिद) Required Required
Photocopy of blue print of building approved from Municipality/VDC (नक्सा पास) Required Required
Photocopy of land Transfer Deed (राजिनामा, बकसपत्र, अंशवण्डा) Required Required
Original four Boundary Disclosure (चार किल्ला प्रमाणित) from ward office/municipality Required Required
Legal/Other documents    
Debit authority note Required Required
Photocopy of Memorandum and Articles of Association/partnership deed Not required Optional
Credit information of borrowers and guarantors from CIC and branch Required Required
Cash deposit voucher of processing fee Required Required
Current account of the borrower Required Required
Credit Facility letter accepted by the borrower Required Required
Promissory Note Required Required
Original copy of loan deed Required Required
Insurance of the building Required Required
Original copy of mortgage deed Required Required


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Contact
Nepal Bank Limited
Dharmapath Kathmandu
(Head Office)
Tel.: +977 1 4247999 / 4239888
Toll Free: 16600137373
Email: info@nepalbank.com.np
Swift Code: NEBLNPKA

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