Prime Home Loan - Repair

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The country is in development phase and so as the metorpolitan cities of the country. In view of narrow roads and crowded traffice, extenstion and expansion of road within the metropolitan cities has been one of the prime focuses of the government at present. In the course of widening metro cities road, it is estimated that extension of road shall be carried out in around 300 to 400 kilometers within Kahtmandu valley only. In the course of extension of such road, thousands of house owners whose constructions are demolished in the course of expansion of the roads might be going through lot of trouble for repair of their respective building due to lack of financial support. Prime Commercial Bank seeks to take this opportunity to support those house owner, who need immediate financial support to repair their building and bring into the condition where they can continue their stay. Hence, the new product has been designed exclusively for those house owners who need immediate financial support to repair their building;

Credit Type

  • Prime Home Loan -Repair


  • Nepali Citizen;
  • Buidlings that need to be repaired which are partially demolished in the course of road extension carried out by the government;
  • Income source sufficient to repay installment

Loan Amount:

  • Minimum NPR 2 lacs;
  • Maximum NPR 30 lacs;(However can go upto NPR 1 crore with proper justification)


Following security shall be obtained:

  • Fixed asset collateral viz: Residential Land and building;


  • To repair the building which has been partially demolished in the course of road extension

Mode of Disbursement:

Loan shall be disbursed two equal installments

  • First disbursement shall be made upon execution of entire loan documentation including mortgage of the land/ building
  • Second disbursement shall be made upon utilization of the first disbursement.


  • Monthly EMI repayable in 5 to 20 years

Interest rate:  Refer Rate of Interest Published

The interest rate shall be reviewed by the Management from time to time.

Service Charge:

  • 0.25% fee flat;
  • Documentation fee NPR 500

Required Documents:

The loan can be approved in the individual name of the borrower or his/her family member

Documents required for individual:

·         Duly filled up loan application form;

·         Citizenship;

·         Two Photographs;

·         Net Worth Statement;

·         Income Source and related documents;

·         Site visit report from RM concerned;

·         Title deeds of the property;

·         Blue print and drawing of the building;

·         Malpot receipt;

·         Valuation report of the property;

·         Estimation for repair of building to the satisfaction of our listed engineer or concerned RM;

Time period for approval:

Since the house owner of this category needs immidiate financial support, the credit shall be sanctioned within five working days from the date of receipt of all required documents;