Mortgage Loan

 

In order to meet the personal financing needs, all you have to mortgage your personal fixed assets property (land/land & building) to bank. It is easy, simple and hassle free with quick turnaround time.

 

 A) Mortgage Term Loan

 

Eligibility
• Loan against mortgage of fixed asset with acceptable commercial value.
• Salaried or self- employed Nepalese citizens with reliable source of income.
• Entrepreneurs
 
Purpose
• For the purchase of consumer durable, medical treatment, marriage ceremony, starting new business and to finance personal expenses, etc.
 
Nature of Facility
• Repayment on EMI basis.
 
Tenure
• For the period of maximum of 8 years.
 
Margin
• Facility may be availed upto 60% of distress value of collateral in general.
 
Charges
• Processing Fee/ Prepayment Charges: 1% of loan amount.
• Interest Rate:               Prime :11.00% p.a.
                          Other : 12.00% p.a.
 
Documents Required
• Identification document like Citizenship, Passport
• Photographs
• Documents certifying current salary (for employee)
• Certified Income Statement
• Paper of Agreements/contracts (for Fixed Income Groups)
• Fixed Income Group( Having rental/pensions/property etc)
• Copy of land ownership certificate, blue print of land, latest land revenue receipt
 
B) Mortgage Overdraft Loan
 
Purpose
 • For the purchase of consumer durable, medical treatment, marriage ceremony, starting new business and to finance personal expenses, etc.
 
Nature of Facility
• Revolving in nature. You will have flexibility in fund withdrawal and repayment at your convenience.
 
Eligibility
• Loan against mortgage of fixed asset with acceptable commercial value.
• Salaried or self- employed Nepalese citizens with reliable source of income.
• Entrepreneurs
• Fixed Income Group( Having rental/pensions/property etc)
 
Margin
• Facility may be availed up to 60% of distress value of collateral in general
 
Charges
• Processing Fee: 1% of loan amount.
• Interest Rate: 12.00% - 14.00% p.a.
 
Documents Required
• Identification document like Citizenship, Passport
• Photographs
• Documents certifying current salary (for employee)
• Certified Income Statement
• Paper of Agreements/contracts (for Fixed Income Groups)
• Copy of land ownership certificate, blue print of land, latest land revenue receipt