Mortgage Loan

A mortgage loan or, simply, the mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination.

Types of Mortgage Loan:

KSBBL Pure Home Loan (PHL):

Particulars	Parameters
Facility Type	Term loan
Minimum Loan Amount	NPR 1 M (For New Loans)
Maximum Loan Amount	Upto 15M
Maximum Built up area	3,000.00 Sq ft
LTV	For collateral Inside/ Outside Kathmandu Valley- 60% of FMV (70% of FMV in case of Fist Home Loan)

Residential Home Loan (RHL):

Particulars	Parameters
Facility Type	Term loan
Minimum Loan Amount	Above NPR 15 M (For New Loans)
Maximum Loan Amount	Upto 15M
LTV	For collateral Inside/ Outside Kathmandu Valley- 60% of FMV

Personal Equity Loan:

Particulars	Parameters
Facility Type	Term loan
Minimum Loan Amount	Above NPR 2.5 M (For New Loans)
Maximum Loan Amount	Upto 5M
LTV	For collateral Inside Kathmandu Valley- 30% of FMV For collateral Outside Kathmandu Valley- 40% of FMV

Easy Overdraft Loan:

Particulars	Parameters
Facility Type	Overdraft loan
Minimum Loan Amount	Above NPR 2.5 M (For New Loans)
Maximum Loan Amount	Upto 5M
LTV	For collateral Inside Kathmandu Valley- 30% of FMV For collateral Outside Kathmandu Valley- 40% of FMV

Land Purchase Loan:

Particulars	Parameters
Facility Type	Term loan
Minimum Loan Amount	Above NPR 2.5 M (For New Loans)
Maximum Loan Amount	Upto 50 M
LTV	For collateral Inside Kathmandu Valley- 30% of FMV For collateral Outside Kathmandu Valley- 40% of FMV

Benefits

Competitive interest rates.
Quick Processing Time.
Easy documentation.
Personalized service

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Features

Up-to 60% of the property value (Depend upon location and nature of loan)
Maximum Tenure: up to 30 years.
Maximum loan: NPR 50 Million
Age: 23 years to 70 Years at the time of maturity

Required Documents

Passport size photo of applicants/guarantor.
Copy of citizenship document of borrowers/guarantor.
Copy of Land ownership document (Lal purja).
Copy of Transfer deed (Rajinama).
Blue Print and land trace map of the plot.
Building construction approval from Municipality / VDC along with drawing plans (applicable where building is involved).
Char Killa (four boundary).
Land revenue Tax Receipt (Malpot receipt).
Initial environment Examination (IEE) report (In case of apartments).
Income certifying document (Salary letter, Audited balance sheet, rental agreement etc.).
Firm / company registration and PAN in case of income from business source.
Building completion certificate from Municipality/VDC in case of readymade house purchase and loan against property.
No objection letter from the bank which has financed the project. If not, a formal declaration from the developer need to be obtained.

Mortgage Loan

Features

Required Documents

Benefits

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