Ballooning & Reverse Ballooning (Home Loan)

Documentation Required:

Customer Segment

1. Ballooning Housing Loan

Salaried individuals - Employees of organization having stable and regular income with at least one time bulk income (bonus, welfare etc.) at certain point/s in a year

2. Reverse Ballooning Housing Loan

Salaried individuals - Self-Employed Professional/Businessmen - Borrowers able to pay higher EMI in beginning so that savings can be invested in other areas during tow EMI periods

Basic Documentation (as applicable)

1. 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
2. Income related documents
   • For salaried individuals
     • Salary certificate from the employed organization/company (not older than 3 months).
     • Bank Statement, as applicable.
     • Latest two salary slips (if any).
   • 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, as applicable

• For business person
  • Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
  • Bank Statement, 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.

Other Documents

• Copy of Land transfer deed (Rajinama)
• Copy of Latest land revenue receipt
• Original copy of blueprint, trace map of the location where property is located
• Copy of char killapramanit (4 Boundary demarcation) from ward office/VDC
• Original/copy of approved structure design from Municipality (Naksa Pass) and / or VDC
• Construction completed certificate for buildings wherever applicable
• Copy of registration certificate of concerned association/organization (in case of professionals such as Engineers, Doctors, Chartered Accountants etc.

Security Documentation

• Original Credit Facility offer letter signed by borrower and acknowledged by guarantors
• Loan deed (Tamasuk)
• Personal / Corporate guarantee of guarantors
• Collateral ownership certificate of the borrower (Lalpurja)
• Registered Mortgage Deed (DhitoDristibandhaki)
• Promissory note signed by the borrower converting the loan amount
• Ownership transfer deed (Rajinama), mandatory in case of outright purchase
• Original insurance premium paid receipt with policy
• Complete valuation report including original char-killa (4 boundaries certificate), blue print, latest land revenue paid receipt, approved structure design from Municipality (Naksa pass), construction completion certificate (wherever applicable), copy of government rate of land etc.
• Borrower’s declaration on multiple banking

Note: Other documents as per Bank laid down procedures, as applicable