Personal Mortgage Loan
-Purchase of land.
-Personal Financing requirement/need.
-Refinance/SWAP/Takeover of Equity Loans.
Basic Eligibility Criteria:
-EMI should not be more than 50% of income of borrower along with other family members.
-Minimum age of borrower should be 21 years not exceeding 70 years.
-Both OD nature and Demand nature loan can be provided
-Term Loan is facilitiated
-Minimum NPR 0.3 mil.
-Maximum NPR 5.0 mil for Overdraft Loan.
-Maximum NPR 80.0 mil for Demand Loan & Term Loan.
-Maximum tenure of 1 years for OD loan and Demand Loan.
-Minimum tenure of 5 years and maximum 20 years for term loan (However the age applicant should not exceed 70 years at loan maturity.)
Insurance: Comprehensive policy as per banks’ clause.
Rates & Fees:
Interest Rate: Competitive rate and charges.
-Mortgage of property.
-In case of allotment of flat/ buildings, a tripartite agreement shall be executed amongst Developers, Borrowers & Bank.
-Personal guarantee of person(s) acceptable to the Bank shall be obtained.