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Currency Code Unit Cash Below Deno 50 Cash (Deno 50 and above) and Non Cash Selling
US Dollar USD 1 101.74 102.25 102.85
Euro EUR 1 119.37 119.97 121.17
British Pound GBP 1 136.11 136.79 138.16
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Personal Loans

For financing individuals to meet their personal obligations.

Eligibility Criteria

  • Salaried individuals
  • Self-employed professionals.
  • Individual with self business establishments or his/her one house family member as father, mother, spouse, son and daughter.
  • Individual with business/lease/rental/investment income
  • Apart from above, immediate family members of above individuals- father, mother, spouse, son and daughter are eligible to avail loan under this product paper provided there is a sponsorship letter from the individuals.

Age Criteria

  • Minimum age of the applicant - 25 Years.
  • 2. Not over:
    • Retirement age in case of salaried persons
    • 65 years of age in case of self-employed / business persons, professionals, at the time of loan maturity. Waiver for age not required if guarantor is included. Guarantor should be one-house family member and not over 65 years at the time of loan maturity.

Loan Amount

  • Minimum loan amount - NPR 200,000/- (Nepalese rupees two hundred thousand only).
  • Maximum loan amount to be NPR 2,500,000/- (Nepalese rupees two million five hundred thousand only).
  • Financing %:
    • Upto 70% of the distress value of real estate property.
    • Upto 90% of the face value of cash & near cash instruments.

Tenure

Maximum 10 years

Repayment

Equated monthly installment (EMl) over approved loan tenure.

Basic Documentation

  • Loan Application.
  • Map /photos of the applicants’ residence and proposed collateral.
  • Photograph and Citizenship of the applicant/Guarantor/s.
  • Self declaration regarding the applicant is Risk Taker or not in the Bank’s prescribed format.
  • Title deed, four boundary certificate and necessary details of the property being offered as collateral.
  • Proof of age of applicant/Guarantor.
  • Relationship certificate, as applicable.
  • Income statement or cash flow of the applicant/guarantor.
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