Loan Application

Who can apply for the Loan?

Nepali Citizen

Employed or self-employed.
Title Deed of the land & building must be in the name of the borrower or his/her spouse.

The installment shall not exceed 50% of the borrower's net disposable income.

Security

Demand of Promissory note, Letter of Continuity, Registered Mortgaged over land & building being financed, and Personal Guarantee.

Insurance

All risk should be covered and policy duly endorsed to bank name.

Mode of Disbursement

Disbursement will be based on the requirement of the funds by the borrowing as evidence by the completion of the construction work upon payment of the borrower's share in the financing.

Inspection

Bank's authorized official or the bank's approved valuator will visit the site for inspection with or without prior information. The borrower must co-operate the visiting persons authorized by the bank in the inspection/ valuation of the land and building being financed by the bank.