NBL Personal Loans
Criteria | Parameter |
---|---|
NBL Personal Term Loan | |
Maximum limit | Up to Rs.50 Lakh. Purpose of loan to be clear and justify for PTL above Rs.50 lakh. |
Loan portion | Up to (40% inside Kathmandu Valley and 50% Outside the valley) 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 | 0.15% prepayment charge on prepaid amount. |
NBL Personal Overdraft Loan | |
Maximum Limit | Up to 50 Lakhs. |
Loan portion | Up to (40% inside Kathmandu Valley and 50% Outside the valley) of value estimated by valuator acceptable to the bank |
Tenure | 1 year; can be renewed subject to periodic review |
Minimum utilization limit | 60% of approved limit |
Documents | Salaried | Self Employed |
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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 from local authority (Ward) | Required | Required |
Original Blue Print of the land | Required | Required |
Original copy of restraint letter from Land Revenue Office | Required | Required |
Original construction completion certificate from Municipality/VDC in case of purchasing already built house | Required | Required |
Original/photocopy of detailed break down of cost estimation from the applicant’s consultant | Required | Required |
Original land ownership certificate | Required | Required |
Original latest land revenue receipt | Required | Required |
Photocopy of blue print of building approved from Municipality/VDC | Required | Required |
Photocopy of land Transfer Deed | Required | Required |
Original four Boundary Disclosure 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 |
PAN for loan above 50 Lakhs | Required | Required |