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Home Loan

It is dream of anyone to have their own home from earning from their hard work. But to make such dream come true with limited money is a tough task. If you are facing the same challenge, do come to us and we will support you conquer your dream. For this, Nepal Bank Limited offers variety of home loan with most competitive interest rate and flexible features for construction, extension and renovation of house and purchase of house only.

Types of Home Loan	Purpose	Loan Amount	Loan Terms	Financing Term
Home Loan	Construction of house	Rs. 5 Lakh and above	Up to 20 years	Based on cost estimation of building
	Purchase of house		Up to 20 years	Up to 70% of estimated value of land and building.
	Renovation/Extension of building		Up to 10 years	Based on cost estimation of renovation
Sarwa Sulav Awas Karja	Construction of house	Rs. 5 Lakh and above	Up to 25 Years	Upto 100% on estimated cost of building.
	Purchase of house/apartment		Up to 25 Years	Up to 60% of bank valuation of land and building or Baina whichever is low.
	Renovation/Extension of building		Up to 25 years	Upto 100% on estimated cost of proposed building.
Sulav Awas Karza	Construction of house	Rs. 5 Lakh and above	Up to 20 Years	Up to 100% of cost estimation of building.
	Purchase of house		Up to 20 Years	Up to 70% of estimated value of land and building
	Renovation/Extension of building		Upto 10 years	Up to 100% of cost estimated cost

*Swap of above Home loan of other banks and financial institutions can be done up to outstanding amount for remaining period.

Eligibility

Any Nepalese citizen having 18 years at the time of loan origination
Salaried /self-employed individual
Should have At least 8 ft wide motor able 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, salary receipt/ bank statement of salary, documents of remit to Nepal etc.
PAN of borrower for loan Rs.25 lakh and above