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Get the Best Home Loan in Nepal

Make your dream home a reality with a home loan from Global IME Bank. Home Loan is a secured type of loan borrowed for the purchas...

Are you dreaming of owning a home in Nepal? We are here to help you make that dream a reality. With our affordable home loan options, you can find the perfect plan that suits your needs. Our simple and transparent process ensures you understand every step. Let's get started on your journey to homeownership! Home Loan is a secured type of loan borrowed for the purchase of property. The purchased property itself is used as a collateral for the loan.

Purpose 

  • Purchase of residential plots (land) and to construct residential buildings.
  • Purchase of Individual houses / Residential apartments.
  • Purchase of Bungalow / Apartment constructed by builders/ developers. 
  • Refinancing of already built residential land and building.
  • Renovation, modification, extension of existing building. 
  • Purchase of loan from another bank or financial institution. 

Click here to calculate the EMI

Features

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Competitive premium rate.
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Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis or quarterly interest payment.
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Fast approval process.
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Facility available in all branches.
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Tenure: up to 30 years.
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Financing up to 50% of fair market value of property within Kathmandu Valley and 60% outside Kathmandu valley
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Grace period up to one year
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Counseling to help better financing by our Relationship Managers throughout the process

Eligibility

  • Individual- Nepalese Citizen above 21 years. Spouse/father/mother/brother/sister (living in single family) will also be eligible as a co-applicant with personal guarantee.
  • Salaried individual, self-employed persons, Company/firm having sufficient income and cash flow to serve debt.
  • Sufficient income source to repay at the satisfaction of the Bank.
  • Company (Pvt./Public)/Proprietorship/Partnership (duly registered with the concerned government authority) proposing to use the apartments for residential use.
  • Purchase of loan is subject to the satisfactory debt servicing to other Banks/FIs. 
  • EMI /EQI– 50% of gross income.
  • EMI /EQI– 80% of uncommitted (disposable) income.
  • Acceptable collateral to the bank (the residential property being purchased).

 

Documents Required


Identification

  • 2 Passport size photo of applicant.
  • Photocopy of Citizenship certificate of applicant and guarantor.
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate.
  • Photocopy of Article of Association and Memorandum of Association if applicable.
  • Board resolution to avail loan in case of company.

 
Proof of Income

  • Latest Salary certificate issued by employer.
  • Contract between applicant and his/her employer.
  • Photocopy of Rent Contract if any.
  • Photocopy of audited/management prepared Financial Statements.
  • Lease agreement in case of rental income.
  • Others documents if any.

 
Others

  • Loan application firm duly filled and signed in standard format of the Bank.
  • Name of the family members with age.
  • Net worth declaration.
  • Original quotation of housing company, if being bought from housing company.
  • Original Blue Print of the land (Napi Naksha) certified by concerned authority.
  • Copy of construction completion certificate from Municipality/Rural Municipality in case of purchasing already built house (Nirman Sampanna Pramanpatra – construction completion certificate).
  • Copy of detailed breakdown of cost estimation from the applicant’s consultant.
  • Copy of land ownership certificate (Lalpurja).
  • Original latest land revenue receipt (Malpot Receipt).
  • Copy of blue print of building approved from Municipality/ Rural Municipality (Naksha Pass).
  • Copy of land Transfer Deed (Rajinama).
  • Original four Boundary Disclosure (Char Killa Pramanit) from ward office.
  • Approval letter of municipality for extension and renovation/modification (if needed) of house.
  • In case of Purchase of loan, loan statement from other banks and financial institution.
  • Net worth declarations.
  • Other documents stipulated by the Bank from time to time.

 

FAQs

Global IME Bank offers competitive rates that are among the lowest in context of Nepal. Check our current rates to find the best deal for your home loan needs.
Global IME Bank provides affordable rates, flexible EMIs, and quick approvals, making us a top choice for home loans in Nepal. Our customer-centric approach ensures a smooth and hassle-free experience.
Typically, you need to pay around 20% of the property's value as a down payment. For example, if your house costs NPR 50 lakhs, you would need to pay NPR 10 lakhs upfront.
The limit of a home loan in Nepal varies based on your income, the value of the property, and the bank's policies. For detailed information, please contact us, and we will help you understand your eligibility.
A home loan is a sum of money borrowed from a bank or financial institution to purchase or construct a house. You repay this loan amount, along with interest, in monthly installments over a specified period. A house loan includes the principal amount (the amount borrowed), the interest rate (the cost of borrowing), the loan tenure (the repayment period), and monthly EMIs (equated monthly installments).

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