Housing Loan

COMMERCIAL HOUSING LOAN

  • Purpose:
    Construction or purchase of house/building/apartment strictly for the purpose of generating a profit, either from business activity, resale of property or rental or lease income.

    For repair : loan shall be permitted after the first 5 years of occupancy or 5 years from the last period of repair.
  • Rate of interest: 9.50%
  • Security
    Mortgage of property for which finance is being given.
  • LTV:

Up to Nu.50.00 Mn         80%

Above Nu.50.00 Mn       70%

  • LTI: can go upto 100%
  • Repayment period: 30 years excluding gestation period.

Disbursement
For outright purchase of house/ flat, the loan amount will be paid in lumpsum to the sellers savings account along with borrower’s margin.
For house/ flat under construction, the loan amount to be disbursed in phase wise manner along with borrower’s equity depending upon the progress of the construction.


HOME LOAN

 

  • Purpose:                  
  • For construction / repair /purchase of house / apartment for one-unit personal dwelling.
    For repair: loan shall be permitted after the first 5 years of occupancy or 5 years from the last period of repair.

    • Rate of Interest: 8.00%
    • Security

    Mortgage of property for which finance is being given.

    • Loan limit: Nu.10.00 Mn
    • LTV: 90%
    • LTI: 70%
    • Term: 30years excluding gestation period.

    Disbursement

    For outright purchase of house/ flat, the loan amount will be paid in lumpsum to the sellers savings account along with borrower’s margin.
    For house/ flat under construction, the loan amount to be disbursed in phase wise manner along with borrower’s equity depending upon the progress of the construction.

    Download Application form for Housing Loan