NBL Pensioner Loan

This loan is provided to pension holder consuming pension through Nepal Bank Limited after got retirement from different government organizations, corporations etc.

Eligibility 

• Borrower, guarantor, and related person must be Nepalese citizen.
• Borrower must be pensioner of the Nepal Bank limited.
• Civil servent, police, army, teacher and retired employee of NBL obtaining pension from nepal bank are eligible for this loan.
• Loan will be provied against the pension patta and the pension amount.

Loan terms

• Term loan Tenure will can be 5 years or maximum 75 years age at the time of maturity of loan for term loan.
• Overdraft loan shall be maximum Rs. 5 lakh and will be revolving nature with 1-year tenure.
• Loan amount minimum 4 years of monthly pension amount or the 15 lakhs whichever is minimum.

Document required:

Identification Related

• Personal identification of borrower, guarantor and all related persons.
• Photographs of borrower and guarantor.
• Family details of the borrower verified by loacal authority.
• Pension patta

Income related

• Monthly Pension amount is the main source of the loan and interest payment.
• Loan will be provided on the behaf of the pension patta and its income justification.