These days there are lots of home loans made available in the market by different banks and financial institutions. It is an attractive financing scheme to purchase/construct your dream home and live happily with your family thereafter.
We help to compare home loans from different sources to help you sniff out the best mortgage rates for the following purpose:
- Purchase of House
- Construction of house
- Repair/ Renovation and Re-construction of house
- Refinancing/ SWAP of existing Home Loan
Types of home loans in Nepal:
Variable-rate home loan: This is the common type of home loan in Nepal where repayments can be affected by the change in interest rate either by the bank or Nepal Rastra Bank. This type of loan is suitable for those borrowers who are not concerned by the change in interest rate over the period of the loan.
Fixed-rate home loan: Under this plan, a fixed amount of repayment is locked for the borrowers over the period of the loan. However, banks and financial institutions may charge an extra amount on the early repayment of loans.
- 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
- Photograph ( 2 copies )
- Citizenship and/or Passport
- Relationship Certificate (if applicable)
- Marriage Certificate (if applicable)
- PAN Certificate ( Loan amount equals or above 5 million )
- Firm/Company registration certificate
- PAN/VAT registration certificate
- Article of Association (AOA) and Memorandum of Association
- Partnership Deed ( if applicable )
- Salary certificate
- Rental agreement ( If source of income is rental )
- Bank statement of at least 6 months
- Audited financial statement of last 2 financial years.
- Tax clearance certificate.
- Copy of Land Ownership Certificate of residential house (where ever applicable)