NMB Bank

Loan Against Property or mortgage loan is designed to provide a solution for real estate owners who wish to fund some of their expenditures –  whether it is renovating one’s residence, purchasing a commercial property, expenditure on social events, healthcare, starting a business, growing an existing business, going on a long trip or making a dream come true.

Eligibility
AGE 25-65 years
Profession
  • Salaried individuals
  • Self employed professionals
  • Businessmen
  • Remittance income holder
Nationality Nepali
Gender All gender

 

Documentation

Along with the application for loan, you will need to provide the following list of documents required for processing the said loan:

  1. Identification Documentation

    • Photograph and copy of citizenship of the applicant/sponsor/guarantor.

    • Net worth statement of applicant/guarantor/sponsor.

    • Map of the applicants’/sponsor’s/guarantor’s residence.

    • Copy of title deed of other property owned by borrower and his/her one house family members/ guarantors as declared in net-worth statement.

    • Copy of Individual PAN certificate (where applicable)

  2. Income related documents

    • For salaried individuals

      • Salary certificate from the employed organization/company (not older than 3 months).

      • Latest two salary slips (if any).

      • Bank Statement, as applicable.

    • For self-employed professionals

      • Certificate of registered professional.

      • Detail of income source/ profession.

      • Proof of last 3 years of continuous practice (if any).

      • Bank Statement, as applicable.

    • For business person

      • Latest audited financial statement as per prevailing Company/Tax Act of Nepal.

      • Bank Statement, as applicable.

      • Certificate of Incorporation (in case of organization)

      • Valid Firm/Company registration certificate.

      • MOA/AOA, Share Lagat, partnership deed (as applicable)

      • Recent tax paid receipt.

    • For other sources

      • Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.

      • Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.

      • Pension slip, interest received statement etc.

      • Bank Statement, as applicable.

      • Other verifiable income.

  3. Collateral related documents

    • Land ownership certificate

    • Blue print / trace map

    • Four wall boundary

    • Building construction permission certificate from competent authority, construction completion certificate ( as applicable )

    • Collateral transfer deed (for recently purchased property)

    • latest revenue receipt of land or land or/and building offered as collateral

Features

Loan limit

  • Maximum Limit - Rs. 75,00,000 (based on product / need)

Loan tenure

  • Maximum: 10 yrs

LTV Ratio

Inside/Outside Valley LTV Ratio
Inside Kathmandu valley 40%
Outside Kathmandu valley 50%

 

 

 

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