Purpose: To finance requirement of funds to individual.
Basic Eligibility Criteria:
-Borrower must be salaried personal.
-EMI should not be more than 35% of total monthly gross salary.
- Minimum age of borrower should be 23 years not exceeding 58 years.
-Minimum of NPR 0.3 mil.
-Maximum of 15 months Gross Salary or NPR 1.5 mil whichever is lower.
-Maximum tenure of 5 years or age of borrower should not exceed 58 years upon the last installment(EMI basis).
Rates & Fees:
Interest Rate: Competitive rate and charges.
-Personal guarantee of spouse if applicant is married
-Personal guarantee of one of the family members if applicant is unmarried.
-Promissory Note, Loan Deed, Mortgage Deed (if offered and acceptable to bank)