Nepal Bank Limited

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Loan / Advances

Personal Loans

Provided to fulfill the personal needs of an individual
Provided against the land and building

Types

Personal Term Loan
Personal Overdraft Loan

Personal Loan Branches

SN	Location	Branch	SN	Location	Branch
1	Kathmandu	Kathmandu Banking Office; Kantipath Branch, Lazimpat Branch, Kalimati Branch	2	Lalitpur	Gabahal Branch; Kupondole Branch; Jawalakhel Branch
1	Kathmandu		4	Banepa	Banepa Branch
3	Bhaktapur	Bhaktapur Branch	6	Janakpur	Janakpur City Office office
5	Pokhara	Pokhara City Office; Prithivichowk Branch	8	Chitwan	Narayangadh City Office, Ratnanagar Branch
7	Hetauda	Hetauda City	10	Itahari	Itahari Branch
9	Biratnagar	Biratnagar City Office	12	Birgunj	Birgunj City Office
11	Dharan	Dharan City Office	14	Bhairahawa	Siddharthanagar Branch
13	Butwal	Khasyauli Branch	16	Dhangadhi	Dhangadhi Branch
15	Nepalgunj	Nepalgunj City Office	18	Birendranagar	Surkhet Branch
17	Thimi	Thimi Branch	20	Baglung	Baglung Branch
19	Lahan	Lahan Branch	22	Birtamod	Birtamod Branch
21	Damak	Damak Branch	23	Dang	Dang Branch

Eligibility:

Borrower must have regular and stable source of income
Borrower must be Nepalese citizen
The collateral must be accessible by at least eight feet wide road
Borrower must have experience of at least 3 years
Borrower must be 21 years of age and should not exceed 60 at the time of maturity of loan

Parameters

Criteria	Parameter
NBL Personal Term Loan
Interest rate	7.5% p.a. up to 5 years; 8% p.a. up to 10 years; 9% p.a. up to 15 years; 10% p.a. up to 20 years
Loan amount	Minimum: Rs. 500,000 Maximum: Rs. 5,000,000
Loan portion	Up to 70% of value estimated by valuator acceptable to the bank
Tenure	Minimum: 2 years Maximum: 20 years
First payment date	From the end of the subsequent month of initial drawn down.
Prepayment charge	No prepayment fee will be charged if paid after maturity of 1/3 of the loan period. 2% prepayment charge will be levied if prepayment is made within 1/3 of loan period.
NBL Personal Overdraft Loan
Interest	9% to 10% p.a. payable quarterly. 0.5% rebate shall be provided if interest is repaid on time.
Loan amount	Minimum: Rs. 500,000 Maximum: Rs. 5,000,000
Loan portion	Up to 50% of value estimated by valuator acceptable to the bank
Tenure	1 year; can be renewed subject to periodic review
Min. utilization limit	Rs. 500,000

Processing fee

1% of the financed amount at the time of submission of loan application. The fee shall be refunded if the loan is not approved.

Documents

Documents	Salaried	Self employed
Identification documents
2 Passport size photo of applicant and one passport size photo of guarantor	Required	Required
Photocopy of citizenship certificate of applicant and guarantor	Required	Required
Photocopy of Tax/PAN/VAT certificate and registration certificate	Not required	Required
Proof of Income related documents
Original Salary Certificate not more than 10 days old	Required	Not required
Photocopy of contract agreement between applicant and his/her employer	Required	Required
Photocopy of Rent Contract, if any	Required	Required
Original/photocopy of Bank Statement (Past 6 months)	Optional	Optional
Photocopy of audited/management prepared financial statements for past 3 years	Not required	Required
Land and/or building related documents
Original letter stating coparcener (अन्सियार) from local authority (Ward)	Required	Required
Original Blue Print of the land (नापी नक्सा)	Required	Required
Original copy of restraint letter (रोक्का पत्र) from Land Revenue Office (मालपोत कार्यालय)	Required	Required
Original construction completion certificate from Municipality/VDC in case of purchasing already built house (निर्माण सम्पन्न प्रमाणपत्र)	Required	Required
Original/photocopy of detailed break down of cost estimation from the applicant’s consultant	Required	Required
Original land ownership certificate (लालपूर्जा)	Required	Required
Original latest land revenue receipt (तिरो तिरेको रसिद)	Required	Required
Photocopy of blue print of building approved from Municipality/VDC (नक्सा पास)	Required	Required
Photocopy of land Transfer Deed (राजिनामा, बकसपत्र, अंशवण्डा)	Required	Required
Original four Boundary Disclosure (चार किल्ला प्रमाणित) from ward office/municipality	Required	Required
Legal/Other documents
Debit authority note	Required	Required
Photocopy of Memorandum and Articles of Association/partnership deed	Not required	Optional
Credit information of borrowers and guarantors from CIC and branch	Required	Required
Cash deposit voucher of processing fee	Required	Required
Current account of the borrower	Required	Required
Credit Facility letter accepted by the borrower	Required	Required
Promissory Note	Required	Required
Original copy of loan deed	Required	Required
Insurance of the building	Required	Required
Original copy of mortgage deed	Required	Required
Restraint letter from concerned Land Revenue Office	Required	Required

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