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Advertisement The criterion for taking home-loans is as follows.
The loan is provided to any individuals who have regular and stable source of income. This loan can be given to any salaried and self-employed individuals.
The loan will be provided to Nepalese Citizens only.

Any house/land, which does not lie in municipal area, will not be financed. However, urban VDC can also be considered with proper justificantion.
The land and/or house to be constructed / purchased / renovated / extended / modified should have motorable road (8 feet wide in minimum) access. Such road should be clearly seen in the blue print or be verified by concerned authority (for e.g. ward office).
All borrowers and guarantor should not be enlisted in “Black List” of Nepal Rastra Bank.
3 years work experience is needed for salaried and self-employed individuals.
In case of business income, financial statement of the company should be audited.
The borrower must be at least 21years and should not exceed 60 years at the time of maturity. The retirement age must be more than the tenure of the loan.
Processing Fee:

1% of the financed amount shall be charged upfront at the time of submission of loan application with necessary documents. The fee shall be refunded if the loan is not approved.

Prepayment Fee:

2% prepayment charge on the prepaid amount if prepayment is made within 1/3 of loan period. However, no prepayment fee will be charged if paid after maturity of 1/3 of the loan period.

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