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Global Mortgage Loan (Personal Loan)

!! Global Mortgage Loan/ Global Personal Loan is provided to suffice your personal financing/ business requirements such as for financing your long vacation plans, buying home equipments, electronics or any other unexpected needs. !!

Purpose

  • Financing your Personal/ Business needs
  • Swapping loan from another bank / financial institutions


Features and Benefits:

  • Competitive Interest rate: 10% to 14% p.a.
  • Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis or quarterly interest payment.
  • Quick turnover time: Approving status within 36-48 hours upon completion of all required documents 
  • Tenor: Maximum up to 10 years for installment basis and 1 year for revolving nature. 
  • Counseling to help better financing by our Relationship Managers throughout the process
  • Loan processing fee: 1.50% of the loan amount
  • Prepayment charge: 1% of the prepaid amount if prepayment is made within one year from the date of initial disbursement in case of monthly / quarterly installments and Rs. 10,000.00 flat will be charged if borrower wants to close the loan account within 11 month from the date of disbursement in case of revolving loan.


Eligibility

  • Nepalese Citizen above 21 years
  • Salaried Individuals in permanent service with any credible organization
  • Individuals with their own business/ self employed persons.
  • Sustainable and sufficient source of income 
  • EMI /EQI– 50% of gross income 
  • EMI /EQI– 80% of uncommitted (disposable) income
  • Security coverage requirement: 120% in Distress Value of the Fixed Assets Collateral offered. 
  • Swapping of loan is subject to the satisfactory debt servicing to other Banks/FIs.
  • Maximum loan amount up to Rs. 10 million.


Documents Required

Identification

  • 2 Passport size photo of applicant
  • Photocopy of citizenship certificate of Applicant & guarantor 
  • Family members name in detail 
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate


Proof of Income

  • Salary Certificate
  • Photocopy of contract agreement between applicant and his/her employer 
  • Photocopy of Rent Contract if any 
  • Photocopy of audited/management prepared Financial Statements (Past 3 years) 
  • Others, if any.


Others

  • Loan application firm duly filled and signed in standard format of the Bank
  • Current account of the applicant / borrower 
  • Name of the family members 
  • Net worth declaration 
  • Original Blue Print of the land (Napi Naksha) certified by concerned authority 
  • Copy of construction completion certificate from Municipality/VDC in case of purchasing already built house (Nirman Sampanna Pramanpatra) 
  • Copy of land ownership certificate (Lalpurja) 
  • Original latest land revenue receipt (Malpot Receipt) 
  • Approved drawing of the building from Municipality/VDC (Naksha Pass) 
  • Copy of land Transfer Deed (Rajinama) 
  • Original four Boundary Disclosure (Char Killa Pramanit) from ward office 
  • Approval letter of municipality for extension and renovation/modification (if needed) of house 
  • Incase of swapping of loan, loan statement from other banks and financial institution 
  • Other documents stipulated by the Bank from time to time


Refer to your nearest branches.

Download Mortgage Loan Application form »

Note: All the above forms are in PDF format. 
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