Buying your own home is the most important event in the lives of many Nepali families. It is no longer just an investment but a sign of stability and success. Now, due to the new guidelines of Nepal Rastra Bank (NRB), first-time buyers have more access to affordable home loans with favorable terms. The homeownership dream in Nepal is now more achievable than ever by adding the attractive loan products of Global IME Bank.
Let’s break down how NRB is helping. The central bank has raised the loan ceiling for first-time home buyers to NPR 30 million. That means banks can now cover up to 80% of a property’s total value. For new buyers, this higher loan-to-value (LTV) ratio makes it easier to step into home ownership without needing a massive upfront payment.
Whereas those purchasing the second or third property can get loans for only up to 70% of the property’s value. This difference in the treatment of buyers will make sure that only a few will have two or more houses and many will have one, their own. The regulation is cleverly designed not only to help the homeowners of tomorrow but at the same time to allow Nepal’s housing sector to grow gradually and organically.
Key Points of NRB’s Home Loan Regulation in Nepal:
- Maximum loan of NPR 30 million for first-time home buyers
- Up to 80% financing of property value (LTV)
- Lower LTV for subsequent property purchases (up to 70%)
- Mortgaging of property as collateral for home loans
- Emphasis on borrower creditworthiness and income capacity
How Global IME Bank Is Helping a Household Buyer in Nepal
As a leading financial institution in Nepal, Global IME bank caters to its customers’ needs by providing personalized housing loan products that are in line with NRB’s policies and bank’s policy. It offers home loan facilities for buying new homes, building new houses, renovating, and refinancing existing home loan. The interest rate is very attractive and the repayment period is flexible, extending up to 30 years – as per the requirement and need of the customer. In addition, the bank speeds up loan approvals with its quick processing and provides services everywhere, including cities and villages, thus, making home financing available to all people across Nepal.
Benefits of Global IME Bank Home Loans:
- Attractive interest rates and flexible repayment term
- Coverage for purchase, construction, renovation, refinancing
- Fast and transparent loan approval process
- Nationwide service network catering to diverse customers across Nepal
- Special products like Nischinta Awash Yojana and eco-friendly Global Green Home Loan
Why This Matters for Nepali Home Buyers
Affordable and easily accessible home loans are the main instruments through which first-time home buyers in Nepal can be enabled to invest in real estate. The higher lending limits and better LTV ratios of the NRB mostly help to alleviate the financial side of things by making the down payment requirements smaller. With Global IME Bank’s diverse and customized home loan products, the number of people in Nepal who will be able to make their dream of owning a home come true.
