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Flexi Loan

Flexi loan is a hybrid type of loan given against collateral. This loan consists of 50% term and 50% overdraft as a part of total loan. 

Eligibility.

  • Any Nepalese citizen having 18 years at the time of loan origination 
  • Individual having adequate, stable, steady and regular source of income to serve installment and interest. 
  • Should have At least 8 ft wide motor able road access of proposed land/building

Documents Required:

1. Identification Related 

  • Personal identification of borrower and guarantors
  • Photograph  of borrower and guarantor
  • Family details from concerned local authority.
  • Firm registration certificate (if business income)
  • PAN/VAT certificate (if business income)
  • Partnership deed (if business income)

2. Collateral Related 

  • Land ownership certificate
  • Land revenue receipt
  • Rajinama/Bakaspatra/Anshabanda paper etc
  • Ward map and File map of collateral
  • Four boundaries (charkilla)
  • Approved house map from local authority.
  • Nirman Ijajat of constructing building
  • Nirman Sampanna/abhilekhikaran paper

3. Income Related 

  • Salary certificate and bank statement. 
  • Appointment letter/Contract Paper.
  • Rental agreement with tenant identification (if rent income)
  • Rental tax receipt
  • Pension Patta (if pension income)
  • Audited financial statement of last year and projection of coming year (if business income) 
  • Tax clearance certificate/receipt for income
  • If foreign income, Passport, Visa, Salary certificate, Contract paper/appointment letter, salary receipt/ bank statement of salary, documents of remit to Nepal etc.