| Purpose |
- To meet business/personal needs.
|
| Eligibility |
- Property owners having their properties ( situated in urban areas of Kathmandu / Pokhara/Birgunj/Biratnagar and others ) let out such properties to Government/Semi-Government and reputed corporates, Banks, Financial Institution, Insurance Companies, Multi National Companies, NGO’s/INGO’s and Embassy Officials.
|
| Limit |
- Maximum 80% of the future lease rentals which should not exceed the amount of rent receivables within unexpired period of deed/lease deed or 3 years whichever is less.
|
| Interest Rates |
|
| Security |
- Assignment of Lease Rentals
- Registered mortgage of immovable property to the extent of 125% of the proposed loan
- Personal guarantee of the borrower and the mortgage provider.
|
| Disbursement |
The loan amount will be disbursed on:
- Assignment of lease rentals
- Registered mortgaged of immovable property
- Extension of Tripartite agreement
|
| Repayment Options |
- Loan with interest is to be repaid in equated monthly installments in 36 months or the remaining period of lease whichever is earlier.
- The quarterly interest is to be paid within one week of the close of the quarter.
|
