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Global Home Loan [Back]

!! Helping you realize your dreams!!

Purpose 

  • Purchase of a plot of land and construction of residential building.
  • Purchase of Individual houses / Residential apartments.
  • Purchase of Bungalow / Apartment constructed by builders/ developers 
  • Renovation, modification, extension of existing building 
  • Swapping from another bank or financial institutions
     


Features and Benefits

  • Competitive Interest rate: 7.5% to 12% p.a.
  • Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis.
  • Quick Turnover time: Approving status within 36-48 hours upon completion of all required documents 
  • Tenure: up to 25 years
  • Financing up to 70% of your requirements
  • 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 the payment is made within 1 year of initial disbursement.


Eligibility

  • Individual - Nepalese Citizen above 21 years.
  • Salaried individual, self employed persons
  • EMI /EQI– 50% of gross income and EMI /EQI– 80% of uncommitted (disposable) income
  • Swapping of loan is subject to the satisfactory debt servicing to other Banks/ FIs. 
  • Acceptable collateral to the bank (the residential property being purchased)
  • Maximum loan amount up to Rs. 10.00 Mio.
     


Documents Required

Identification

  • 2 Passport size photo of applicant
  • Photocopy of Citizenship certificate of applicant and guarantor
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate
  • Photocopy of Article of Association and Memorandum of Association
     


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 form 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 quotation of housing company, if being bought from housing company
  • Original letter stating coheir (Anshiyar) of seller from local authority (Ward)
  • Original Blue Print of the land (Napi Naksha) certified by concerned authority
  • Copy of construction completion certificate form Municipality/VDC in case of purchasing already build house (Nirman Sampanna Pramanpatra)
  • Copy of detailed breakdown of cost estimation from the applicant’s consultant
  • Copy of land Ownership Certificate (Lalpurja)
  • Original latest land revenue receipt (Malpot Receipt)
  • Copy of blue print of building approved 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
  • In case of swapping of loan, loan statement form other banks and financial institution 
  • Net worth declarations
  • Other documents stipulated by the Bank from time to time
     


Refer to your nearest branches.

 

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