Home Loan

      Purpose of Home Loan

      Owning a home or a residential property or renovating our existing one to a modern, amenable accomodation is a common dream for many of us. Kumari Home Loan facility helps make this dream come true through financing for these activities:

      • Owning a residential property
      • Extension of your house
      • Renovating or restoration of your old house
      • Construction of an apartment/house
      • Purchase of a Plot of Land
       

      Home Loan Financing

      1. 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.

      2. 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.

       

      Documentation Checklist

      For Salaried Individuals:

      • Original & 2 Photocopies of citizenship card of the applicants/guarantors.
      • Evidence of income certificate.
      • Copy of Rental Agreement/Pension/Agricultural income/Remittance/or any other income.
      • Recent 1 Years bank statement of the Borrower and Guarantors.

      For Self Employed Individuals/Business Entities:

      • Photocopies of Business Registration/Recent tax certificate of PAN card/VAT certificate.
      • Partnership Deed/ Memorandum of Association and Article of Association.
      • Last 3 years’ recent financials for business entity / Computation of income for Self-employed.
      • Photocopy of Rental Agreement/Pension/Agricultural income/Remittance/or any other income.
      • Recent 12 months bank statement that shows business transaction/remittance/rent etc being credited.
      • Latest Tax Clearance Certificate.
      • Owners Details/Taken Shares Details verified from Company Register.

      For Valuation Purpose:

      • Photocopy of land ownership certificate (Lalpurja)
      • Photocopy most recent receipt of land tax (Malpot) and Ghar Jagga tax paid receipt
      • Original Blueprint of land
      • Original Trace of land
      • Certified Copy of Four Boundaries(Char Kila)
      • Copy of Halsabik (where applicable)
      • Photocopy of Approved building construction certificate from the concerned govt. authority
      • Building Completion Certificate (If the building Construction before 2050 Ashad End)
      • If the building Construction before 2050 Ashad Mashanta obtain a letter from concern municipality or VDC.
      • Building Tax Paid Receipt Current year from concerned municipality or VDC.
      • Construction Permit Letter issued from concern Municipality or VDC.
      • Construction Permit Letter for Plinth Level issued from concern Municipality or VDC.
      • In case of a loan client, hailing from other Banks only – Credit report certifying loan categories and recent loan statement.