A home loan (Housing/ Mortgage Loan) simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.A home loan is typically paid back over a term of 10, 15 or 30 years.People generally take a home loan for either buying a house/flat or a plot of land for construction of a house, or renovation, extension and repairs to the existing house.

The Bank offers loan for different needs and situations. The Bank provides financing for the purchase of land and/or building, apartment, renovation, construction and extension of residential properties.

Details of Home loan from various commercial Bank of Nepal are as follows:

1. Bank Name: NMB Bank
1.1. NMB Pre-approved home loan
NMB Pre-approved home loan provides customers with flexibility to get their home loan limit sanctioned before selection/finalization of property. This facilitates customers with bargaining power in the real estate market while negotiating for property, simplifying purchase decision. The loan eligibility is assessed based on income details provided by the customer.

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1.2 Home Loan / Land Purchase Loan
NMB Bank offers affordable and flexible Home Loans for purchase, construction, extension and renovation of your dream home. Our home loan schemes are tailored to suit both salaried and self-employed individuals.

Features
Types of Property Funded
> Purchase of land and building
> Construction of residential building
> Home Extension and Renovation
> Plot purchase

- Loan Limit: Upto 5 crore
- Loan Tenure: Upto 35 years
- Loan to Value Ratio

- Inside/Outside Valley: LTV Ratio
- Inside Kathmandu valley: Upto 50% of FMV
- Outside Kathmandu valley: Upto 60% of FMV

Upto 80% of construction cost in case of home construction

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2. Bank Name: Himalayan Bank Ltd.
Individuals of middle and upper middle class income group with regular, adequate, steady and stable source of income. Any Nepalese Individuals of at least 25 Years of age having stable, steady and reliable source of income from job, rent, pension, remittance supported by the document

2.1 Types of Home Loan: Home Loan Purchase
Purpose:
> Purchase of house
> Purchase of Land alone

Maximum Financing:
> 75% of purchase Value
> 60% of purchase Value

2.2 Types of Home Loan: Home Loan Construction
Purpose:
> Construction of house

Maximum Financing:
100% of cost estimate

2.3 Types of Home Loan: Home Loan Extension
Purpose:
> Additions/extension/renovation/modification

Maximum Financing:
> 100% of cost estimate

Loan Limit
> Minimum Rs. 0.50 Million (5 Lacs)
> For purchase of land alone- Maximum Rs. 3.0 Mil. (30 Lacs)

Loan Tenure
> 3 to 20 Years

Repayment of Home Loan
> On Equal Monthly Installment (EMI) basis

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3. Bank Name: Nepal Investment Bank Ltd.
Self employed professionals having reliable/stable source of income or income of own family supported by the documentary evidence. Nepalese Citizens only but should be above 18 years of age and last installment to be repaid within 60 years of his/ her service, unless steady and regular income justifies.

Finance up to NPR 10,000,000/-(Max) or 60% of the total value (whichever is lower)
> Ready-made Houses/Buildings
> Construction of House/Buildings,
> Ready-made apartment, bungalow, duplex
> Renovation and / or extension of building

Tenure
> Maximum of 15 years
> Loan shall be terminated on /or before 60 years of age of the borrower.
> Repayment: Equal Monthly Installments (EMI)

FEES AND CHARGES
The following charges are to be levied
> Unscheduled payment: 1.5% of payment amount (conditions apply).
> Management fee: 50%( Flat) of the loan amount or NPR 5,000 (whichever is higher)
> CIC Charge: on actual basis

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4. Bank Name: Everest Bank Ltd.
Everest Bank provides home loan for the purpose of Construction & purchase of house/flat, repairs/renovation/additions/alternation to the house/ flat, purchase of land to construct house/building for residential purpose.

Margin
Residential Housing Loan up to Rs. 1.50 crore:
> Minimum 10% (in case of construction) however, total margin including cost of land/existing building shall in no case be less than 25%.
> Minimum 25% of bank value in case of outright purchase of house/flat of the tentative Bank Value
> Minimum 40% of bank value in case of Land purchase

Residential Housing Loan for more than 1.50 crore:
> Minimum 25% in case of construction / addition / repair / renovation of the proposed cost.
> Minimum 25% of bank value in case of outright purchase of house/flat of the tentative Bank Value
> Minimum 50% of bank value in case of Land purchase (subject to NRB stipulation)

Interest rate: Competitive rate and charges
Repayment: Maximum 20 years or age of 65 years (either of joint borrowers) whichever is earlier.

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5. Bank Name: Bank of Kathmandu Ltd.
For part-financing accommodation facility for the individuals having identifiable and stable income source.

Loan Amount
> Minimum loan amount - NPR 500,000/- (Nepalese rupees five hundred thousand only).
> Maximum loan amount - NPR 10,000,000/- (Nepalese rupees ten million only).
> Financing %
- Maximum 60% of the Fair Market Value (FMV) of the property being financed. Maximum 90% of the estimated cost of construction of the house however the security coverage should be at least 60% of FMV of the property.
- Maximum 90% of the estimated cost certified by the Bank’s authorized valuator in case of repair and renovation of house.

Note: For loan amount above NPR 10 million, please refer Residential Real Estate Loan Product.

Tenure
> Maximum 20 years (Exclusive of moratorium period of 12 months).
> Maximum 10 years in case of repair and renovation of house (Exclusive of moratorium period of 12 months).

Repayment
> Equated Monthly Installment (EMI) over approved loan tenure.

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6. Bank Name: Nabil Bank Ltd.
Making and moving into your dream home in reality is now quick and easy with our Housing Loan. We have a dedicated team of experts having in-depth domain knowledge, customized relationship management support and a complete package to meet all your housing loan needs. In the market where the basic products are largely similar, the differentiator is our ability to understand your need completely and structure the eligibility and loan amount appropriately.

Features of Housing Loan
> Attractive & competitive interest rate
> Quick and transparent loan processing
> Flexible loan tenure up to 20 years
> Equated Monthly Installment (EMI) payment solution
> Interest is charged on the reduced principal outstanding
> Moratorium period of up to 12 months for building construction
> Loan processing from wide range of branch networks
> Personal counseling throughout the process
> Simplified documentation
> Insurance options to cover your home loan at attractive premium

> Purpose: Land Purchase
Loan Amount: Up to NPR 30 million
Loan Tenure: Up to 20 Years
Financing Terms: 80% of Distress Value of the Property or 60% of FMV. In case of Kathmandu Valley, it is 50% of FMV.

> Purpose: Land & Building Purchase
Loan Amount: Up to NPR 30 million
Loan Tenure: Up to 20 Years
Financing Terms: 80% of Distress Value of the Property or 60% of FMV. In case of Kathmandu Valley, it is 50% of FMV

> Purpose: Construction
Loan Amount: Up to NPR 30 million
Loan Tenure: Up to 20 Years
Financing Terms: Up to 100% of the construction cost **

> Purpose: Extension/Renovation
Loan Amount: Up to NPR 10 million
Loan Tenure: Up to 20 Years
Financing Terms: Up to 60% of FMV

> Purpose: Loan Takeover
Loan Amount: Up to NPR 30 million
Loan Tenure: Up to 20Years
Financing Terms: 80% of Distress Value of the Property or 60% of FMV. In case of Kathmandu Valley, it is 50% of FMV

However, our financing shall not be more than 60% of Purchase Price/Fair Market Value as assessed by the Bank’s Valuator whichever is lower and In case of Kathmandu Valley, it is to be restricted to 50% of purchase price or FMV or as per latest NRB guidelines.

** If the value of land is adequate enough, we can also finance up to 100% of the construction cost.

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7. Bank Name: Mega Bank Nepal Ltd.
Mega Home Loan with its attractive product features, trouble-free documentary procedures and quick loan processing, easy & flexi repayment options and competitive interest rate, ensures that your desire of owning a house is no longer a distant dream. Be it a purchase of land, building, apartment, construction / renovation / extension of house, refurbishing or purchase of home appliances, variant products under Mega Home Loan provides you a complete financial solution.

Features:
> Competitive interest rate and service charge
> Credit Decision within 24 hours and disbursement within 7 working days.
> Flexible loan tenure resulting in less EMI burden.
> Up to 100% of financing facility on construction cost of house.
> Special offer if both Home & Auto Loan is taken at once.
Conditions Applied*

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8. Bank Name: Nepal Bank Ltd.
Nepal Bank ltd. provides loan to any individuals who have regular and stable source of income. This loan can be given to any salaried and self-employed individuals. Any house/land, which does not lie in municipal area, will not be financed. However, urban VDC can also be considered with proper justification.

Maximum Loan Amount:
Rs. 50,00,000

Minimum Loan Amount
> Purchase of Land / Building: Rs. 4,00,000
> Renovation, modification: Rs. 2,00,000    
> Construction of building on already owned/Purchased land: Rs. 4,00,000

Loan portion    
Purchase of Land / Building:
> Up to 60% of Transfer deed (Rajinama) price or value estimated by valuator approved by the bank whichever is lower
> For land: Up to 60% of transfer deed (Rajinama) price or value estimated by valuator approved by the bank whichever is lower.

Renovation, modification: :
> Up to 70% of cost of construction estimated by valuator approved by the bank

Construction of building on already owned/Purchased land:
>Up to 70% of cost of construction estimated by valuator approved by the bank

Tenure: Minimum 2 years - Maximum 20 years

Prepayment Fee:
2% prepayment charge on the prepaid amount if prepayment is made within 1/3 of loan period. However, no prepayment fee will be charged if paid after maturity of 1/3 of the loan period.

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9. Bank Name: Prime Commercial Bank Ltd.
“A beautiful home with a happy family” Isn’t this what we all dream of? This dream sounds great but seems difficult to be fulfilled. But you need not to worry now; your dream home is now with your reach as we are here to facilitate you. We take care of your search for a better dwelling; of course through our continuous efforts and deep rooted partnership. To fulfill your long waited dream of a house, Prime Commercial Bank has launched consumer friendly product – Prime Home Loan. This housing finance scheme gives you an excellent opportunity to have your own house and is carefully tailored to suit your requirements & match your capacity.

Maximum Financing
The maximum amount of Home Loan finance will be up to a maximum of 2/3rd of the total construction/purchase price of house. For furnishing, finance from our part will be 70% of cost of such furnishing.
 
Charges
> Processing Fee/ Prepayment Charges: 1% of loan amount

Interest Rate:
> Refer Rate of Interest Published

Tenure:
> Maximum Up to 20 years

For What Purpose?
> Purchase of new house or flat for residential purpose.
> Construction of new house on applicant’s already owned land
> Purchase of old house not more than 10 years old
> Extension/Repair/Renovation of existing house.
> Furnishing of already existed house.
> For the purchase of real estate houses.

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10. Bank Name: NIC Asia Bank Ltd.
It is an attractive financing scheme bundled with special features to purchase/ construct your dream home and live with family happily ever after.

You can explore Residential Home Loan for following purpose:
> Purchase of House
> Construction of house
> Repair/ Renovation and Re-construction of house
> Refinancing/ SWAP of existing Home Loan

Fee & Charges: As per Bank charges.

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11. Bank Name: Agriculture Development Bank Ltd.
Agriculture Development Bank Ltd. offers various type of Home/ Housing loans.

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12. Bank Name: Standard Chartered Bank Nepal Ltd.
We all dream of owning our own home and at Standard Chartered we are committed to helping you turn that dream to reality. If you are aged at least 21 years and are under an employment having a take away pay sufficient to cover the installments, you can approach to avail our customized mortgage loan.

Features
> Minimum 50% equity contribution.
> Maximum tenor of 18 years.
> Maximum loan amount up to NPR 35 million

Benefits
> Convenient repayment plan (equal monthly installment spread over a maximum period of 18 years).
> Competitive interest rates.
> Quick Processing Time.
> Easy documentation.
> Personalized service.

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13. Bank Name: Nepal SBI Bank Ltd.
Nepal SBI Bank Ltd. provides home loan for Purchasing existing building/flat, constructing a new building, extending/renovating/completing interiors of existing building/flat, reimbursing construction cost of recently built/purchased building/flat, taking over good home loans of other Banks/FIs.

Margin:
> Minimum 25% of the project cost for purchase, construction, extension/renovation/completion of interiors
> Minimum 40% in case of reimbursement of the construction cost of building completed within the last one year
> Minimum 10% of extension/renovation cost in case of renovation/extension on the existing building provided that no loan exists on the already built portion of the building.
> No margin required in case of takeovers. However, the takeover value shall be justifiable with the project cost with adequate margin of the borrower.

Moratorium:
Maximum 1 year period from date of the first disbursement or one month after the completion of the house whichever is earlier. But in case of reimbursement and purchase, no moratorium period will be provided and the EMI should start from the next month of disbursement.

Repayment Period:
The Housing Loan shall be repaid in equated monthly installments within 20 years excluding the moratorium period.

Prepayment charges:
1% of the amount being prepaid if the borrower repays from his own source. Prepayment charge at the rate of 2% shall be levied if the loan is being swapped. Nil if loan outstanding is less than 50.00 lacs and loan prepaid due to change in interest rate or sanctioned terms

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14. Bank Name: Nepal Bangladesh Bank Ltd.
Financing on purchase of land, purchase of land & building, construction/renovation of building.

> Financing Ratio: Maximum 80% of the purchase price and/or estimated cost of the building to be constructed/renovated.
> Nature: Non-revolving & non-renewable.
> Disbursement: In case of purchase/renovation, full amount after complete documentation and in case of construction, first disbursement maximum 25% of the total loan amount only after completion of DPC level and other disbursements as per requirement verifying the utilization of the previous disbursed amount.
> Principal Repayment: After completion of the construction/renovation/purchase, on equated monthly installment basis (EMI).
> Interest Repayment: On quarterly basis and/or on installment payment date.
> Security: At least 150% coverage (or as provisioned by the prevailing NRB directive) by the mortgaged collateral security including the property under financed by the housing loan.
> Tenure: Maximum 25 years.

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15. Bank Name: Kumari Bank Ltd.
Purpose of Home Loan:
1. Own a residential property
2. Extension of your house
3. Renovating or restoring your old house
4. Constructing your new house
5. Building apartment
6. Purchase a Plot of Land

Home Loan Financing:
> Regarding Purchase of Land/ Residential Building and Real Estate: Loan to Value Ratio should be maintained upto 40% for inside Kathmandu Valley whereas should be upto 50% for outside Kathmandu Valley.
> Regarding Residential Home Loan: Loan to Value Ratio should be upto 50% for inside Kathmandu Valley whereas should be upto 60% for outside Kathmandu Valley.

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16. Bank Name: Laxmi Bank Ltd.
16.1. Home Loan
Features:
> Loan tenure for construction and purchases of homes has been increased from 15 to 25 years. This has been done to make the product more appealing and making a home loan EMI more affordable.
> Loan processing is applicable from all Laxmi Bank branches.
> Once loan is applied, Approval is done within 7 working days.

Max loan Amount: NPR 20M
Max loan Tenure: 25 years

*Loan Extension: 60% outside Kathmandu & 50% inside Kathmandu

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16.2. Home Equity Loan
Home equity can be used for a variety of things, including home improvements, car loans and debt consolidation. Lenders can also allow homeowners to use the equity they build in their homes to pay for any purchase they want. Whether you’ve opted for the fixed-rate, lump sum home equity loan or a revolving home equity line of credit, you should carefully consider how you utilize these funds since you are using your home as collateral.

Features:
> For borrowers who look for a structured repayment plan.
> Loan processing is applicable from all Laxmi Bank branches.
> Once loan is applied, Approval is done within 7 working days.

Max loan Amount: NPR 15 M
Max loan Tenure: 15 years

*Loan Extension
> 50% of FMV of the property (outside Kathmandu)
> 40% of FMV of the property (inside Kathmandu)

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17. Bank Name: Citizens Bank International Ltd.
Historically and traditionally, Nepalese have preferred to buy land and build houses themselves. Now, with the changing lifestyle, demand for ready built houses is also in the rise. Considering these points, the Bank offers loan for different needs and situations. The Bank provides financing for the purchase of land and/or building, apartment, renovation, construction and extension of residential properties.

> Purpose: To finance a purchase of a plot of land and/or readymade building, Construction, Repairs, Renovation, Additions, Alteration to the house/flat.
> Nature: Terminating loan payable in Equal Monthly Installment
> Loan Size: Up to 15.00 Million
> Tenure: Repayment period maximum 25 years.
> Loan Portion: Maximum up to 50% of Fair Market Value of the collateral security

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18. Bank Name: Sunrise Bank Ltd.
Sunrise Ghar Karja helps you achieve your life time dream of owning a home. The scheme offers a highly competitive interest rate and flexible repayment tenure for comfortable EMIs.

We provide:
> Sunrise Ghar Karja-Purchase
For outright purchase of land/land & building/ flat/ apartments
> Sunrise Ghar Karja- Construction
For construction of building in the land you already own
> Sunrise Ghar Karja- Extension
For any type of modification/extension or renovation in your existing home.
> Sunrise Ghar Karja – Home Equity Loan
For refinancing your existing land & building.

- Purpose: Sunrise Ghar Karja - Purchase    
- Loan Amount: NPR 0.3 -50 Million
- Tenure of Loan: 25 years
- Security: Land or land & building / flat or apartment that is to be purchased    
- Financing:
> Up to 50% of Fair Market value of the property (inside valley)
> Up to 60% of Fair Market value of the property (outside valley)

- Purpose: Sunrise Ghar Karja- Construction
- Loan Amount: NPR 0.3 -50 Million
- Tenure of Loan: 25 years
- Security: Land & building under construction    
- Financing:
> Up to 50% of Fair Market value of the property (inside valley)
> Up to 60% of Fair Market value of the property (outside valley)
> Maximum upto 100% of estimated construction cost

- Purpose: Sunrise Ghar Karja- Extension
- Loan Amount: NPR 0.3 -50 Million
- Tenure of Loan: 25 years
- Security: Entire land & building    
- Financing:
> Up to 50% of Fair Market value of the property (inside valley)
> Up to 60% of Fair Market value of the property (outside valley)
> Maximum upto 100% of estimated cost of additions/extension/modification

- Purpose: Sunrise Ghar Karja – Home Equity Loan
- Loan Amount: NPR 0.3 -10 Million
- Tenure of Loan: 25 years
- Security: Land & building
- Financing:
> Up to 50% of Fair Market value of the property (inside valley)
> Up to 60% of Fair Market value of the property (outside valley)

- Eligibility    
> Nepalese citizen of at least 22 years of age.
> Monthly disposable Income (net saving after all expenses before EMI) should be greater or equal to 1.5 times of EMI

- Repayment: Equated Monthly Installment (EMI)

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19. Bank Name: Century Commercial Bank Ltd
Century Commercial Bank Ltd offers various type of Home/ Housing loans.

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20. Bank Name: Sanima Bank Ltd.
20.1. HOME LOAN
Home Loan is best of its kind product in the contemporary market that offers attractive features yet simple procedures. Coupled with competitive pricing and quick loan processing, we offer Home Loan for purchase of land, land & building, apartment, house construction & renovation, refurbishing the existing one etc that supports to make your dream home a reality. Pay your visit to any of the Sanima’s Branches and experience our service.

Loan Features:
> Tenure: Flexible up to 25 Years
> Service Charge: 1% on approved loan limit
> Financing: Maximum up to NPR 30 million           

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20.2. Home Equity Loan
Home Equity Loan is a tailor made loan product that supports to meet any personal financial needs of our valued customer. Upon following a hassle free procedure, equity financing could be availed very conveniently in a competitive pricing by mortgaging a self owned property.

Loan Features:
> Tenure: Flexible up to 20 Years
> Service Charge: 1% on approved loan limit
> Financing: Maximum up to NPR 20 million

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21. Bank Name: Machhapuchhre Bank Ltd.
If you are thinking of purchasing of land (with objective of construction of house at the same time), constructing a new house or renovating existing one or extension of a residential house or non-residential property or to refinance the equity already injected, Machhapuchchhre Bank Limited is ready to provide you financial assistance to materialize your plan.

Eligibility
> All Nepalese Citizens (Individuals only)
> The applicant must be at least 21 years of age (as per citizenship certificate) at the time of submission of loan application.
> The loan must be terminable before the applicant reaches the age of 70 years
> In cases where salary income has been considered for the assessment of repayment capacity of the borrower, loan must be terminable before the age of retirement, or the borrower reaches 70 years of age, whichever occurs first.
> Loan can be approved in joint names (more than one borrower also). However, at least one of the borrowers must meet the above criteria. Only members of an undivided family can be joint borrowers
> Undivided family shall be eligible for the home loans against one property only
> The owner of the property (to be) financed must be borrower or one of the co-borrower.

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22. Bank Name: Global IME Bank Ltd.
Features and Benefits:
> Competitive Premium rate
> Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis.
> Fast approval process
> Prompt services
> Facility available in all branches
> Tenure: up to 25 years
> Financing up to 50% of fair market value of property within Kathmandu Valley and 60% outside Kathmandu valley
> Grace period up to one year
> Counseling to help better financing by our Relationship Managers throughout the process

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23. Bank Name: Prabhu Bank Ltd.
Owning a house is a dream for many and Prabhu Bank is always there to help you realize your dream under Prabhu home loan (Prabhu Ghar Karja) scheme. Prabhu Home Loan is a term loan, developed to cater the personal financing needs of salaried individuals, self-employed, professionals, and owners of small family businesses.

Who Can Apply?
> Permanent Salaried Individuals in continued service for minimum 2 years
> Professionals – at least in 2 years in practice.
> Self-employed businessmen – at least 2 years in business
> High Net worth Individuals
(HNI: Having personal net worth of more than NPR 10 million)

Purpose
> Construction/Renovation/Extension of House.
> Purchase of House/Apartments.
> Purchase of land or land and building or apartment for individual purpose.

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24. Bank Name: Siddhartha Bank Ltd
Take advantage of one of the most convenient ways to borrow Home Loan from Siddhartha Bank. If you want to have a dream home, Siddhartha Bank would like to help you reap the rewards you deserve.

Features:
> To purchase building for residential or commercial use
> To renovate/extend existing building
> To construct a building on existing land
> To purchase apartment, residential building from housing colony
> Draw down as per prevailing rules and directives
> Maximum up to 20 years including moratorium period
> Highly competitive interest rate and service charge
> Repayment on EMI or EQI Installment with appropriate moratorium period

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25. Bank Name: Civil Bank Ltd.
Minimum/Maximum Tenure
> Minimum: 5 years
> Maximum: 25 years

Repayment Mode
> EMI Based

Rates & Fees
> The interest rates on the Home Loan shall be determined by the competent authority as per the tenure of the loan. The base rate will be the rate of interest on the Home Loan for 5 years.
> The rate of interest may however be revised from time to time as decided by the management.

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26. Bank Name: Nepal Credit and Commerce Bank Ltd.
This product  has been  structured  for  part  financing  accommodation  facility  for  Nepali  individuals having identifiable  and stable  income source.

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27. Bank Name: Janata Bank Nepal Ltd.
Janata Bank makes this wish come true. We offer one of the most feature-packed home loans in Nepal. We intend to make the process to get a home loan simpler, transparent and a remarkable experience for our customers. The loan is available at very competitive rates of interest, currently available in the industry. We provide loans for the following purposes:

Features:
> Quick processing time
> Low interest rates
> Low processing charges
> No hidden costs
> Flexible loan tenure up to 25 years
> EMI payment solution

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28. Bank Name: Rastriya Banijya Bank Ltd.
The bank provides the housing loan facilities for the construction of house for both residential and commercial purpose and also for the repair, extension, renovation of existing building.

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