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Purpose
Ø Purchase of Land.
Ø Purchase of moveable and immoveable fixed assets.
Ø Other personal purposes.
Eligibility
Ø A Nepalese Citizen having salary income or self employed.
Ø Gross monthly income including spouse should be at least double of the monthly installment of the loan.
Ø Age of the applicants should be minimum 18 years.
Loan Amount Limit
Ø There is no limit for loan amount but application less than amount 5,000/- will not be accepted.
Interest Rates & Other Fees
Ø Published Interest Rate is applicable.
Ø Processing fee is Rs. 1,000/-.
Ø Loan Service Charge is 2% of sanctioned amount or minimum Rs. 3,000/-.
Repayment & Repayment Period
Ø It is based on Equal Monthly Installment (EMI).
Ø Maximum loan period 7 years.
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