With this loan, professionals can manage their financial need. This loan is provided to professionals up to 48 months’ basic salary amount against mortgaged collateral.
Professional term Loan-Maximum 10 years or age of retirement whichever is less
Professional overdraft- one year subject to annual renew/review.
- Any professional Nepalese citizen having 19 years at the time of loan origination
- Civil servants, permanent employee of public enterprises, banks and financial institutions, insurance companies and local government.
- Should have At least 8 ft wide motor able access of proposed land/building.
1. Identification Related
- Personal identification of borrower and guarantors
- Photograph of borrower and guarantor
- Family details from concerned local authority.
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 with bank statement.
- Appointment letter.
- Probation completion letter.
- PAN of borrower for loan Rs.50 lakh and above