Get Home loan of up to Rs.50,000,000.00 at attractive rates starting at 9.63% p.a. with flexible tenures of up to 25 years. The processing fee varies between 0% and 1% of the loan amount.
Machhapuchhre Bank Limited Loan Details
Machhapuchhre Bank Limited
Up to 25 yearsLoan Tenure
Up to Rs.50000000
The Home Loan facility is a secured loan provided to our valued customers to build their dream home. The loan is provided for acquiring land, land, and building and for construction of a new buildings or renovation/extension of the existing buildings.
- All Nepalese Citizens (Individuals only).
- The loan must be terminable before the applicant reaches the age of 70 years.
- Undivided family shall be eligible for the home loans against one property only.
- The owner of the property (to be financed) must be borrower or one of the co-borrower.
- The applicant must be at least 21 years of age (as per citizenship certificate) at the time of submission of loan application.
- In cases where salary income has been considered for the assessment of repayment capacity of the borrower, loan must be terminable before the age of retirement, or the borrower reaches 70 years of age, whichever occurs first.
- Loan can be approved in joint names (more than one borrower also). However, at least one of the borrowers must meet the above criteria. Only members of an undivided family can be joint borrowers.