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.

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 50%
Outside Kathmandu valley 60%

 

 

 

AGE 25-60 years
Profession
  • Salaried individuals
  • Self employed professionals
  • Businessmen
  • Remittance income holder
Nationality Nepali
Gender All gender

 

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

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