How to get Loan in Nepal?| Home Loan in Nepal - Gharsansar

Are you worried about how to get a loan in Nepal? People with different lifestyles do have different levels of income to support their basic and additional needs so in order to start any business or anything we require a home loan for better home loan services we need to know about the home loan interest rate in Nepal. High class people do have almost every luxury of life whereas there are also some people who don't in the other classes. But the desire to earn every luxury of life makes people strive to do all the work which they have to but still at a point of life they aren’t able to have sufficient money for the thing which their heart is longing for.

There comes the option for those people in the form of a loan. Loan can be explained as borrowing of money from an individual or an organization. At different places, many people take loans in different ways for various purposes. Especially for those people who are living in rental houses or for those who don’t have the house of their dreams can have the chance to have it through loan. In our country (Nepal), I think there are many organizations and several banks to lend loans. A few things which a person should know for taking loan in Nepal:-

A. How are home loans available in Nepal?

A few eligibility rules for getting a home loan in Nepal is followed by many organizations:- I. EMI should not exceed 60% of “disposable monthly income of the borrower along with that of the spouse/other members of the family” 

II.The borrower’s age most not be more than 60 years

III.“Disposable monthly income” total income of the borrower less existing obligation from Fls.

Here are some margins list from Everest Bank Limited :-

i.              Residential Housing Loan up to Rs.1.50 crore:-

• Minimum 10%(in cash 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.

ii.           Resident Housing Loan for more than Rs.1.50crore:-

• 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)

Documents Required:-

1.   Identification related

• Buyer’s and guarantor’s personal identification
• Passport size photo of buyer and guarantor’s
• Concerning local authority’s Family details
• Partnership history
• PAN/VAT certificate (if business income involved)

2.   Collateral Related

• Land ownership certificate
• Receipt of the land revenue
• Anshabanda/Bakaspatra/Rajinama etc.
• File and ward map of collateral
• Four boundaries
• Local authority’s approved house map
• Nirman Ijajat of constructing building
• Nirman samppanna/abhilekhikaran paper

3.   Income Related

• Bank statement and salary certificate
• Contract paper
• Rental tax receipt
• Pension Patta (if someone with pension income is involved)
• Audited financial statement of last year and projection of coming year (if business activity is involved )
• Tax clearance certificate for income
• PAN of buyer for Loan Rs.50 lakh and above

B. Are there different types of Home Loan in Nepal?

Here is a table for illustrating the variety of Home Loan provided by Nepal Bank:-

C. What might be the average rate of interest applied if someone takes out a loan in Nepal?

èThe interest rate on home loans around which several organizations or officials offer can be represented by the interest rate of NSBI. State Bank:-

D.  Are there even loans available for dish homes?

Well yes, there are several other loans  available for different accounts. Even DishHome which is a DTH service provider by Dish Media Network Ltd. from For more than 12 years has a way to get a loan for 10 days. To take the loan a person just has to text “Credit customer ID(11 number code of the person’s setup box)” to 32500 after which the credit service will be activated for 10 days.

E.  After all of this information, many people think about questions like – Which way an individual can get better deals? or what website to visit which would be more beneficial?

Well yes, there are several websites and places for different types of benefits. However, if I have to suggest it then I would suggest going for the GHARSANSAR website of GHARSANSAR. They have several real estate deals and fast responsive co-workers/staff members. There are many provisions for home loans like government programs for first time buyers which are also useful for the various people who want to know about home loan interest rates in Nepal. 

Website link:- https://www.gharsansarnepal.com/

Address:- Sitapaila, Kathmandu, Nepal

Phone number :- +977-9841057532

E-mail address:- gharsansar.np@gmail.com