Loan Against Property (LAP)

It is a flexible & specially designed product having unique features like longer tenure, attractive interest rate, simple & speedy processing, which shall accommodate immediate financial needs of our valued customers.

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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.

• Competitive interest rate and service charge
• Prompt processing
• Flexible loan tenure resulting in less EMI burden
• Loan Processing from wide range of branch networks