Get Home loan of up to Rs.50,000,000.00 at attractive rates starting at 8.96% p.a. with flexible tenures of up to 35 years. The processing fee varies between 0% and 1% of the loan amount.

NMB Bank Loan Details

title

NMB Bank

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Interest Rate

+ up to 6% p.a. over base rate

Loan Tenure

Up to 35 years

Loan Amount

Up to Rs.50,000,000.00

Processing Fee

0% - 1% of the loan amount
title

NMB Bank

+ up to 6% p.a. over base rate
Interest Rate
Up to 35 years
Loan Tenure

Up to Rs.50000000

NMB provides home loan to its customer at a affordable price for specific period of time to obtain their dream home.

Eligibility Criteria

  • 25-65 Years
  • Salaried Individuals
  • Remittance Income Holder
  • Self-employed Professionals
  • Businessmen
  • Nepali citizen

Documents

  • hotograph and copy of citizenship of the applicant/sponsor/guarantor.
  • Copy of Individual PAN certificate (where applicable)
  • Map of the applicants’/sponsor’s/guarantor’s residence.
  • Net worth statement of applicant/guarantor/sponsor.
Types of Property Funded
  • Purchase of land and building
  • Construction of residential building
  • Home Extension and Renovation

 

Loan To Value (LTV) Ratio

Inside/Outside ValleyLTV Ratio
Inside Kathmandu ValleyUp to 50% of FMVUp to 70% in case of First Home Buyer 
Outside Kathmandu ValleyUp to 60% of FMV
  • Up to 100% of construction cost in case of home construction

1.Identification Documentation

  • Copy of title deed of other property owned by borrower and his/her one house family members/ guarantors as declared in net-worth statement.

2.Income related documents

For salaried individuals

  • Salary certificate from the employed organization/company (not older than 3 months).
  • Bank Statement, as applicable.
  • Latest two salary slips (if any).

For self-employed professionals

  • Certificate of registered professional.
  • Detail of income source/ profession.
  • Proof of last 3 years of continuous practice (if any).
  • Bank Statement, as applicable.
  • For business person
    • Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
    • Bank Statement, as applicable.
    • Certificate of Incorporation (in case of organization)
    • Valid Firm/Company registration certificate.
    • MOA/AOA, Share Lagat, partnership deed (as applicable)
    • Recent tax paid receipt.
  • For other sources
    • Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.
    • Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.
    • Pension slip, interest received statement etc.
    • Bank Statement, as applicable.
    • Other verifiable income.
  • Collateral related documents
    • Land ownership certificate
    • Blue print / trace map
    • Four wall boundary
    • Building construction permission certificate from competent authority, construction completion certificate ( as applicable )
    • Collateral transfer deed (for recently purchased property)
    • latest revenue receipt of land or land or/and building offered as collateral
Disclaimer

Saral Banking Sewa is solely a  loan comparison site of Nepal. We just help you to find a perfect loan . For that our customer care team  is always ready to guide you with banking  process. We donot guarantee any kind of loan to a customer. And the loan shown here can be change any time.