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.