Professional Loan

With this loan, professionals can manage their financial need. This loan is provided to professionals up to 48 months’ basic salary amount against mortgaged collateral. 

Purpose of loan : To meet immediate and contingent funding requirement of individuals with in threshold of regulatory framework

Loan Limit :  Maximum up to 48 times of basic salary or as per manual with in NRB directives

EMI : As per NRB directives

Period of Loan : 

•    Professional Term loan = Maximum 10 years or retirement tenure which is least

•    Professional Overdraft = for 1 year and can be renewed if satifactory 

Eligibility

• Any professional Nepalese citizen having 18 years at the time of loan origination 
• Civil servants, permanent employee of public enterprises, banks and financial institutions, insurance companies and local government.
• Should have At least 8 ft wide motor able access of proposed land/building. 

Documents Required 

1. Identification Related 

• Personal identification of borrower and guarantors
• Photograph  of borrower and guarantor
• Family details from concerned local authority.

2. Collateral Related

• Land ownership certificate
• Land revenue receipt
• Rajinama/Bakaspatra/Anshabanda paper etc
• Ward map and File map of collateral
• Four boundaries (charkilla)
• Approved house map from local authority.
• Nirman Sampanna/abhilekhikaran paper

3. Income Related 

• Salary certificate with bank statement,TDS
• Appointment letter
• Probation completion letter
• PAN of borrower for loan Rs.25 lakh and above