Retails loans largely comprise of auto finance, home loan and credit for consumer durables. Credit card is not in offer yet. Other personal loans like Mortagage and Mortgage Plus are personal credit given to individuals on the basis of their income level.
MORTAGE LOAN SCHEME
The borrower has to offer immovable property whose value on distress is at least 150% and fair market value is at least 200% (In case of property outside Kathmandu Valley) and 250% (In case of property inside Kathmandu Valley) of the loan amount. The loan will be restricted to 66.66% of the distress value of the property offered as security subject to a ceiling of Rs. 50,00,000.00*
The repayment by way of indicative Equated Monthly instalments on the basis of contracted rate of interest would be fixed for a maximum period of 120 months.
* As per NRB Directives
MORTAGE-PLUS LOAN SCHEMEFeatures:
- To employees,professional,self employed,buisnessman and others.
- Limits Linked to income and collateral.
- Revolving overdraft facility.
- For any Legitimate purpose.
- Competitive Interest Rate.
- Quick Processing.