Cheli-Beti Home Loan Scheme
"Kist Cheli-Beti Home Loan" is a simple term loan developed to provide indivisual home loan facilities to women. The product is launched with a view to meet the financing needs of such women who cultivates strong dream to have a plot of land or construction/renovation/extension a home or purchase a home to pass life with family in own home under her own ownership.Who Can Apply?
- Nepalese women having own regular income from undivided family.
- Permanent salaried women in continued service for minimum 2 years.
- Professional women - at least in 2 years in practice.
- Self-employed businesswomen-at least 2 years in business.
- High Net worth individual women
Purpose
- For Construction/Renovation/Extension of house.
- Purchase of house/apartment.
- Purchase of land only or land and building or apartment for individual purpose.
- The ownership title must be in ladies name.
Salient Features
- Minimum loan NPR. 2,00,000 and Maximum loan NPR. 20 Million.
- Financing of upto 90% of the distress value of the property/cost of construction as applicable or upto the maximum limit for a single borrower as prescribe by NRB whichever is less
- Maximum loan tenure of 15 years.
- Interest Rate 13.50% p.a. - 15.50%p.a.
- Management Fee of maximum 1% of the sanctioned amount.
- Repayment in equated monthly installments basis.
Document Required
Identification Documents- Citizenship certificate or Passport of applicants/joint applicants & guarantors
- Personal net worth and family detail of applicants and guarantors
- Family relationship certificate (if other documents not support to verify the relationship)
- Completed loan application form
Documents related with property to be mortgaged
- Copy of land ownership certificate (Lalpurja)
- Copy of land transfer deed (Rajinama)
- Copy of latest land revenue receipt.
- Original & copy of property location map (Blueprint)
- Copy of boundary demarcation certificate (Char Killa Pramanit from ward office/VDC)
- Original and copy of approved structure design (Naksa Pass) from Municipality or VDC.
- Certificate of “Construction Completed” certificate (Nirman Sampanna) from concerned Municipality and or VDC in case of ready built house to be mortgaged.
Documents related with Income Source
| Salary | Letter from the employer stating the Position, terms of employment (contract or Permanent), remaining tenure of service, total salary with all deductions and any liabilities to the employer if any. Proof of minimum 2 years continuous service is required. |
| Rental income | Copy of Rent agreement signed by lesser and lessee in presence of witness. - If the property is to be let out or there exists very high potential of rent income from such property due to it’s location, expected future income can be considered for the purpose of providing additional comfort. If the property is on rent on rooms, the rental income can be considered. |
| Income from transport business |
Copy of bluebook (ownership) Statement of income & expenses Route permit |
| Commission income | Agency certificate & certificate from the company showing total commission after TDS. |
| Medical Practitioners | Certificate from Nepal Medical Council, Letter from the employer |
| Other professionals | Self declared income statement signed by applicant |
| Business Income |
Registration certificate Tax/Vat registration certificate Last two years audited financials; Mgmt. Prepared financials supported by Vat/Tax return. |
| High Net worth Individuals | Bank account statements, copy of land ownership certificates, copies of blue book & other assets related documents |
| Agriculture Income | Land ownership certificate & agriculture income declared by local authority |
Other Benefits
- Anywhere banking at any of our 51 branches
- Above 80 ATMs to meet your cash requirement no matter where you are located.
- 365 days banking from Main Branch, Anamnagar.
- 24*7 convenience at no charges with Kist Mobile Wallet
- Clearing House Facility.
- Free ABBS Facilities.
- Free SSB Debit Card.
- Avail of facilities like Safe Deposit Locker.
- Instant Alerts facility
- Utility & Merchandise bill payment
- Nepal Telecom recharge card procurement
- SMS Banking facility
- E-Banking facility
