NMB Bank presents Sulav Ghar Karja with fixed rates for a specified duration, featuring affordable rate for purchase, construction, extension and renovation to unlock the door to your dream home.
Special Offerings:
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Age: 25-65 years
Along with the Home Loan application you will need to provide the following documents required for processing Home Loan.
A. Identification Documentation
• Photograph and copy of citizenship of the applicant/sponsor/guarantor
• Copy of Individual PAN certificate (where applicable)
• Map of the applicants’/sponsor’s/guarantor’s residence
• Net worth statement of applicant/guarantor/sponsor
• Multiple Banking document
• Account in NMB Bank Ltd.
B. Income related documents
• For salaried individuals
• Salary certificate from the employed organization/company (Not older than 3 months).
• Bank Statement for minimum 6 months, as applicable.
• Latest two salary slips (if any).
• Tax paid documents
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 for minimum 6 months, as applicable.
• Tax Paid documents
For business person
• Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
• Bank Statement for minimum 6 months, 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 documents
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 for minimum 6 months, as applicable.
• Other verifiable income.
• Tax paid documents
C. Collateral related documents
• Land ownership certificate
• Blueprint/Cadastral Map / trace map
• Four boundary certificate (Char Killa)
• Land Classification Document
• Naksaa Pass, Building construction permission certificate from competent authority, construction completion certificate ( as applicable ) (in case of building available)
• Collateral transfer deed (for recently purchased property) (rajinama)
• latest revenue receipt of land or land or/and building offered as collateral
Note: Other documents as per Bank laid down procedures, as applicable.
Types of Property Funded
• Purchase of land and building
• Construction of residential building
• Home Extension and Renovation
• Plot purchase
Loan Limit: Upto 5 crore
Loan Tenure: Upto 35 years
Loan To Value Ratio
Inside/Outside Valley LTV Ratio
Inside/Outside Kathmandu valley Upto 60% of FMV
First Home Buyer Upto 70% of FMV
Upto 80% of construction cost in case of home construction