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Personal Loan

Personal Loan

This loan is provided against mortgaged collateral to meet the immediate and contingent funding requirement of individuals with in threshold of regulatory framework.

Personal Term Loan 
Loan amount- Up to Rs.50 lakh and purpose to be verified for loan above Rs.50 lakh
Loan Period - up to 20 years

Personal Overdraft 
Loan amount- Up to Rs.50 lakh
Loan Period – For 1 year and subject to renewal

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 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
  • PAN of borrower for loan Rs.50 lakh and above