A loan for land purchase is a credit to a customer for the purchase of plot of land. It is specially design for individual who wish to purchase land for future residential purpose.
S.N |
Age |
25-65 years |
1. |
Profession |
|
2. |
Nationality |
Nepali |
3. |
Gender |
All gender |
4. |
Title of the property must be in the name of the borrower
or his/her spouse/parents/children. |
A. Identification Documentation
B. Income related documents
• 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
• 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
• 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
• 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.