Overview
NMB fixed Rate home loan is one of the best product offerings in the Housing Loan segment. We offer Home Loan for purchase of residential land & building, including construction of building.
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Eligibility
| Age | 25-65 Years |
| Profession | Salaried Individuals |
| Remittance Income Holder | |
| Self-employed Professionals | |
| Businessmen | |
| Nationality | Nepali |
| Gender | All Gender |
| Title of the property must be in the name of the borrower or his/her spouse/parents/children. |
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Documentation
Along with the Home Loan application, you will need to provide the following documents required for processing Home Loan.
A. Identification related documents
- 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
- Multiple Banking document
- Account in NMB Bank Ltd.
B. Income related documents
- For salaried individuals
- Salary certificate from the employed organization/company (Not older than 6 months).
- Bank Statement, as applicable.
- Latest two salary slips (if any).
- Tax paid document.
- 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.
- Tax paid document.
- 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.
- For other sources
- Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.
- Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.
- Pension slip, interest received statement etc.
- Bank Statement, as applicable.
- Other verifiable income.
C. Collateral related documents
- Land ownership certificate
- Blueprint/Cadastral Map / trace map
- Four boundary certificate (Char Killa).
- Land Classification Document
- Naksaa Pass, Building construction permission certificate from competent authority, construction completion certificate ( as applicable ) (in case of building available)
- Collateral transfer deed (for recently purchased property) (rajinama)
- Latest revenue receipt of land or land or/and building offered as collateral
Note: Other documents as per Bank laid down procedures, as applicable
Features
Types of Property Funded
- Purchase of land and building
- Construction of residential building
Loan Limit: Up to 1.5 crore
Loan Tenure: Up to 15 years
Loan To Value (LTV) Ratio
| Inside/Outside Valley | LTV Ratio | |
| Inside Kathmandu Valley | Up to 50% of FMV | Up to 70% in case of First HomeBuyer |
| Outside Kathmandu Valley | Up to 60% of FMV | |
- Up to 100% of construction cost in case of home construction
