Kathmandu. You are employed or run your own retail business. Income is also fine. Now you are thinking of buying or building a house. But there is not enough money. How to raise money? If you are worried about this, nabil bank will now make your dream of buying or building a house a reality.
Yes, Nabil Bank has introduced ‘Nabil Assured Home Loan’ scheme at the cheapest fixed interest rate in the banking sector. Under this scheme, Nabil provides up to 70 percent loan to the customers who buy a home for the first time. This loan facility is up to Rs 2 crore.
Nabil will provide loans up to 100 percent of the construction cost if you are planning to build a house. The bank believes that this facility will relieve the customers from the stress of all the expenses incurred in the construction of the house.
Under this scheme, customers will get loans while constructing a house and buying a house that has already been constructed. Customers will be able to avail loan facility from the bank by mortgaging the house they are going to buy.
Nabil provides this loan for a period of 30 years. Customers will get Nabil Assured Home Loan at 7.99 percent fixed interest rate for 7 years. Nabil Bank claims that this interest rate is the cheapest in the banking sector.
According to the bank, the interest rate on loans will be stable for the rest of the period after adding 2.5 percent premium to the base rate to be maintained after seven years.
The bank has introduced this offer on the occasion of New Year 2082. According to the bank, this offer will be applicable till mid-June. This loan facility can be availed from all the branches of Nabil Bank across the country.
Under this scheme, the bank also provides free credit cards up to Rs 2 00,000 for the first year. The bank has said that it will provide loan soon if all the criteria and procedures of the customer are fulfilled.
Criteria and conditions
- The bank has set the criteria for permanent appointment in case the customer taking the loan under this scheme is employed.
- The bank will provide loans in areas with a motorable road of at least 8 feet.
- Third party collateral will not be considered eligible for this credit facility.
Customer TAG_OPEN_li_28 s who have been doing business for at least 2 years will also be considered eligible to avail this loan facility.
TAG_OPEN_li_26 The bank has set the criteria for eligibility for this loan only on land away from the high tension line of the guthi or mohiyani rights and electricity.
