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 Only 
Loan Period - Up to 20 years

EMI(Equal Monthly Installment )- EMI differs according to the loan amount and loan period

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

Note:- Loan Amount may varies according to change in NRB Directives.

Eligibility 

• Any Nepalese citizen having 18 years at the time of loan origination and maximum up to 60 years of age at the time of loan termination  

• Salaried /self-employed individual
• Should have At least 8 ft wide motorable 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, bank statement and tax details from IRO 
• 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.25 lakh and above