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Housing Loan

For all of us, House is a symbol of stability and security and investment towards the future of our family. A place to call home is an unparalleled satisfaction and many of us work our entire life planning and carefully saving to own that dream into reality. Nabil Housing Loan will help you turn that dream into reality without you having to wait for a lifetime with an easy and quick loan facility tailored to the understanding of your emotion.

Features

Attractive & Competitive Interest Rate

Quick & Transparent Loan Processing

Flexible loan tenure up to 35 years

Equated Monthly Installment (EMI) payment solution

Interest is charged on the reduced principal outstanding

Moratorium period of up to 12 months for building construction

Loan processing from a wide range of branch networks

Personal counseling throughout the process

Simplified documentation

Preview of Loan

PurposeLoan AmountLoan TenureFinancing Terms
Land PurchaseUp to NPR 50 millionUp to 35 Years80% of Distress Value of the Property or 50% of FMV, whichever is lower 
Land & Building PurchaseUp to NPR 50 millionUp to 35 Years80% of Distress Value of the Property or 70% of FMV, whichever is lower
ConstructionUp to NPR 50 millionUp to 35 YearsUp to 100% of the construction cost**
First Home BuyerUp to NPR 30 millionUp to 35 YearsUp to 80% of FMV*
Extension/RenovationUp to NPR 10 millionUp to 20 YearsUp to 70% of FMV 
Loan TakeoverUp to NPR 50 millionUp to 35 Years80% of Distress Value of the Property or 70% of FMV, whichever is lower

*For homes constructed/purchased for personal use, not having area of more than 3,000 sq. ft.

**If the value of land is adequate, up to 100% of the construction cost can be financed.

Terms & Conditions

  • Equated Monthly Installment (EMI) of the borrower should not exceed 60% of the borrower’s Gross Income after deducting other loan obligations.
  • Disclosed income must be substantiated by the transaction volume of the bank account along with tax-paid receipts.
  • In case of the existence of building or construction financing, the building to be insured against Fire, Earthquake, terrorism, etc as applicable with the Banker’s Clause for the full value.
  • The property proposed for the mortgage should have at least 8 feet wide motorable access. if the property is 1 ropani or above in area then 10 feet wide motorable access is required.

Fees & Charges

ParticularsCharges
Loan Administration Fee

0.75% of the loan amount 

 

Commitment Fee

0.15% of the unutilized limit in case of construction of building

Prepayment Fee
Prepayment Time PeriodRate of Prepayment
Within 2 years from the date of
disbursement		0.75% of the prepaid
amount
From 2 to 5 years from the date
of disbursement		0.375% of prepaid amount
 
After 5 years from the date of
disbursement		0.15% of prepaid amount

For Fixed Interest Rate Loans, Prepayment fee of 0.75% on prepaid amount shall be applicable.

Note: The above rates are subject to change at the direction of the regulator 

CIC Charge

On Actual Basis

All other charges as per directives issued by Nepal Rastra Bank. 

 

Eligibility

The age of the applicant/co-applicant should be minimum of 18 years at the time of loan origination and the maximum age at the time of loan maturity can be 70 years

  • All individuals having a sufficient level of income to repay EMIs
  • Salaried individual - Should be in permanent service
  • Self Employed individual - Business should be at least 2 years in commercial operation
  • The plot should have at least 8 feet wide road with motorable access
  • The plot should be free from Guthi and/or Mohi
  • The plot should be far away from high tension line
  • Third-party collateral is not acceptable

Required Document

Identification

  • Photograph (2 copies each)
  • Citizenship and/or Passport
  • Relationship Certificate (if applicable)
  • Marriage Certificate (if applicable)
  • Bank (deposit & loan) account statement of at least 6 months
  • Firm/Company Registration Certificate (if applicable)
  • PAN/VAT Certificate (If applicable)
  • Article of Association (AOA) and Memorandum of Association (MOA) (if applicable)
  • Partnership Deed (if applicable)
  • PAN Certificate (Loan amount equal or above 5 million )
  • PAN Certificate of the individual (for Loan amount above NPR 5 million)
  • Location Map (Residence & Office)

Security/Collateral

  • Land Ownership Certificate (Lalpurja)
  • Rajinama or Bakaspatra or Ansha-banda
  • Malpot Receipt
  • Tax clearance of building
  • BluePrint and trace map
  • Char Killa Pramanit
  • Approved house map
  • Nirman Sampanna Patra/Abhilekhikaran 
  • Ghar Kayam in Lalpurja in case of existence of the house

Income Source

  • Salary certificate
  • Rental agreement (If any) along with tenant’s identification
  • Audited financials of last 2 fiscal years (If business income)
  • Pension Certificate (Patta)
  • Copy of renewed/valid blue book of the vehicle along with route permit (If income is from the commercial vehicle)
  • Salary certificate, work permit, valid passport with visa, payslip, and bank account statement (If income is from foreign employment)
  • Latest tax paid receipt or tax clearance certificate for all income (where ever applicable)

Other Requirements

  • Copy of Land Ownership Certificate of a residential house (where ever applicable)