Documents to Submit

Required Documentation Checklist (as per NABIL bank)

1. 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)

2. Security/Collateral

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

3. 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 vehicle along with route permit (If income is from commercial vehicle)
Salary certificate, work permit, valid passport with visa, pay slip and bank account statement (If income is from foreign employment)
Latest tax paid receipt or tax clearance certificate for all income (whereever applicable)

4 Other Requirements

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

Terms & Conditions

Equated Monthly Installment (EMI) of the borrower should not exceed 50% 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 existence of building or construction financing, the building to be insured against Fire, Earthquake, terrorism, etc as applicable with the Banker’s Clause for full value
The property proposed for the mortgage should have at least 8 feet wide motor able access. if the property is 1 ropani or above in area 10 feet wide motor able access is required.

Fees & Charges

Particulars

Charges

Loan Administration Fee

0.75% of the loan amount

Commitment Fee

1% of the unutilized limit

Prepayment Fee

2% on amount prepaid if prepaid within a year and 1% on amount prepaid if prepaid after 1 year.
2% of outstanding in case the loan is taken over by other Banks or FIs

Valuation Charge

0.125% of Fair Market Value or NPR 5,000 whichever is higher

Penal Charge

Penal interest
Category		Remarks
i)	Principal Default	:	@ 3% p.a. for overdue principal amount for delayed
ii)	Interest Default	:	@ 15% p.a. for overdue interest amount for delayed

CIC Charge

On Actual Basis

Late Payment Fee

NPR 500 each in case of principal and/or interest default

Eligibility

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

All individuals having 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 motor able 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