Housing Loan

sdb-home


Home loan is the product targeted for the individual who would like to purchase land,land and building renovation of the existing building and for construction of building for residential purpose.

Product that you can avail for :
a Purchase of land and building.
b Construction of a new building.
c Renovation of building
d Expansion of the building.
e Reimbursement against recently constructed or purchase building
f For repayment of the housing loan of other BFIs.

 

Eligibility:
a Nepalese citizen who is above the age of 18 years with sound mind.
b Not blacklisted in Credit information Bureau of Nepal.
c In case of age above 60 years,family member of the borrower should provide guarantee.
d Regular and suficient source of income for repyament of installements from services,self employment,business,rentail or any other steady source of income.

 

Security Document:
a Duly accepted Loan section/Offer letter.
b Mortgage of the collateral offered to the bank.
c Loan Deed.
d Personal Guarantee (s).
e Demand promissory Notes.
f Insurance Policy of buliding in favour of bank.
g Bank’s authorized valuation report of the property.

 

Required Documentation :
a Passport size photograph (3 Copies) of Loan Applicant / (1 copy) of Guarantor
b Photocopy of Citizenship of Applicant / Guarantor
c Copy of land/building ownership/document. (lal purja)
d Copy of Transfer deed ( Ranjinama)
e Approved blue print and trace map of Land.
f Approved drawing plans and building construction permission letter from municipality /VDC in case of land and building.
g Cost estimation duly prepared by qualified civil Engineer.
h Latest Land revenue Tax Receipt.
i Firm/Compan registration and PAN in case of Income from Business source.

Charges and Interest Rate

Please visit our nearest branch for further information and to learn about charges and interest rate