Saral Banking Sewa

Shine Resunga Development Bank Home Loan

Get Home loan of up to Rs.10,000,000.00 at attractive rates starting at 10.96% p.a. with flexible tenures of up to 20 years. The processing fee varies between 0% and 1% of the loan amount.

Shine Resunga Development Bank Loan Details

+ up to 4.6%
Up to 1% One time fee
Up to Rs.10,000,000.00
Up to 20 Years

Shine Resunga Development Bank Loan Details

+ up to 4.6%
Up to 1% One time fee
Up to Rs.10,000,000.00
Up to 20 Years

Eligibility Criteria

  • Individual Nepali Citizen.
  • Age between 18 years to 70 years (maximum age limited to tenure of Loan).
  • Individuals with regular source of Income.

Documents

  • Duly filled loan application form of bank.
  • Photo of applicant/co-applicant/guarantor.
  • Photocopy of Citizenship of Applicant / Guarantor.
  • Salary Certificate.

Purpose:

  • Construction/Purchase of Residential Building/Apartment for Residential or Rental Purpose.
  • Purchase of Land for construction of Residential Building for Residential or Rental Purpose with Approved Construction Plan/Map within 1 year from disbursement of loan.
  • For Extending/Renovating the existing House/Apartment.
  • For Refinancing/Swaping Residential Building for Residential or Rental Purpose.

  • Documents related to income such as Salary sheet, Rental agreements papers, Pension book, Proof of Remit receipt, FS of business.
  • Net worth Statement of Applicants/Co-applicants and Personal Guarantor.
  • Property related documents such as Land/Buildings/Apartments Ownership Certificates, Property Deed if any, Blue Print, Trace Map,File Naxa if any, Four Boundary Certificate of Property, Land Revenue Receipt(Tiro Rasid).
  • Copy of Citizenship Certificate of Applicants/Co-Applicants and Personal Guarantor if any.
  • In case of Purchase of Land or Land and Building, copy of Purchase Agreement between the applicant and the seller.
  • In case of Construction of Building or Renovation or Extension of Existing Building, the detail construction time plan, estimated cost approved by certified Engineer.
  • Six month’s statements of the saving/current/loan account maintained by the applicant, if any.
  • In case of independent house/ apartment developed by the real estate company, an agreement paper between the two/three parties is required.
  • If the applicant’s business income is used to justify the cash flows, the applicant shall be required to submit copies of all business related documents such as Registration Certificate, Partnership Deed, Article of Association, Memorandum of Association, Tax Clearance Certificate, PAN certificate, latest Audited and /or Provisional Financial Statements.
  • Any other documents to justify the loan that may be decided by the management from time to time or as may be required by regulatory requirement.

  • Maximum 80% of the Purchase of Land and Construction Cost of Building certified by Valuator but not exceeding 60% of FMV of the freehold property kept as collateral.
  • Maximum 80% of the Purchase/Construction Cost of Residential Building certified by Valuator but not exceeding 60% of FMV of the freehold property kept as collateral.
  • Maximum 70% of the certified cost by Valuator for Extending/Renovation the existing Residential Building but not exceeding 60% of FMV of the freehold property kept as collateral and not exceeding 40 years of the Existing Residential Building.
  • Maximum Rs 10 million but not exceeding current Outstanding Loan in other BFI in case of Refinance but not exceeding 60% of FMV of the freehold property kept as collateral.

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.