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Home Loan against mortgaged property
Home Loan against mortgaged property

 

We bring varieties of mortgage loan facilities against mortgage of the financed property, if you are looking for the best financing schemes to fulfill your various personal requirements like investment plan, purchase of property, renovation/extension of an existing house, construction of a new house, etc.

 

NIC Asia home loan is tailor-made scheme to purchase your dream home, renovate, or extend. Turn your dream home into reality with our housing loan offering longer tenure, proper counseling, a smooth process, and a competitive interest rate.

NIC ASIA Home Loan OD

Worried about your fixed schedule payment? Now make your repayment at your convenience with "NIC ASIA Home Loan OD" that offers an overdraft facility and provides flexibility for withdrawal of funds and repayment at the borrower’s convenience.

This product helps the customers to meet the personal requirement of funds for various purposes.

Features:

Particulars Features
Facility Type Pure Overdraft
Eligibility Minimum 21 years (at the time of application) and a maximum of 80 years at the time of maturity.
Loan Amount Minimum NPR 0.4 million to maximum NPR 5 million.
Loan Tenure Revolving maximum up to 12 months.
* Subject to Satisfactory annual review and clearance.
Interest Rate Competitive Interest Rate. Click Here
Fees and Charges As per Bank Charges. Click Here
Bank Finance For Collateral inside Kathmandu Valley:
Maximum up to 40% of Fair Market Value of the property based on Bank’s valuation report(*).
For Collateral outside Kathmandu Valley:
Maximum up to 50% of the Fair Market Value of the property based on the Bank’s valuation report (*).
Acceptable Property Free Hold Property only (*).

* *Note: All other terms and conditions shall be as guided by Bank’s policy. In addition, to the above-mentioned parameters, Bank can analyze other details too where deemed required.

NIC ASIA Home Equity Loan

What if you have an option to choose the structure of your loan facility? NIC ASIA Bank brings an attractive financing scheme that provides the customer with an option to choose the loan mix in terms of Term Loan and Overdraft/Demand Loan. Customers will have the flexibility for withdrawal of funds and ease in repayment.

This product will cater to your personal financing needs at your convenience.

Features:

Particulars Features
Facility Type Term Loan and Overdraft /Demand Loan.
Eligibility Minimum 21 years (at the time of application) and a maximum of 80 years at the time of maturity.
Loan Amount Minimum NPR 0.4 million to maximum NPR 80 million.
Loan Tenure Term Loan : Minimum 5 years to Maximum 50 years.
Overdraft/Demand Loan : Revolving a maximum of up to 12 months.
* Subject to Satisfactory annual review and clearance.
Interest Rate Competitive Interest Rate. Click Here
Fees and Charges As per Bank Charges. Click Here
Loan Mix Must consist of a mix of Overdraft/Demand Loan with a minimum of 2.5% of the total limit, however, the Overdraft limit shall be allowed up to a maximum of NPR 5 Million only.
Bank Finance For Collateral inside Kathmandu Valley:
Maximum up to 40% of the Fair Market Value of the property based on Bank’s valuation report(*).
For Collateral outside Kathmandu Valley:
Maximum up to 50% of the Fair Market Value of the property based on the Bank’s valuation report (*).
Acceptable Property Free Hold Property only (*).

* *Note: All other terms and conditions shall be as guided by Bank’s policy. In addition, to the above-mentioned parameters, Bank can analyze other details too where deemed required.

NIC ASIA Residential Home Loan

Thinking of purchasing/constructing your dream home? NIC ASIA Bank brings an attractive financing scheme bundled with special features to purchase/ construct your dream home and live with family happily ever after.

You can explore Residential Home Loan for the following purpose:

  • Purchase of House.
  • Construction of house.
  • Repair/ Renovation and Re-construction of house.
  • Refinancing/ SWAP of existing Home Loan.

For more information /inquiries, please contact the nearest branch or type “HOME” and send SMS to 34488.

Features:

Particulars Features
Facility Type Term Loan.
Eligibility Minimum 21 years (at the time of application) and a maximum of 80 years at the time of maturity.
Loan Amount Minimum NPR 0.4 million to maximum NPR 15 million.
Loan Tenure Term Loan : Minimum 5 years to Maximum 50 years including moratorium period.
Interest Rate Competitive Interest Rate. Click Here
Fees and Charges As per Bank Charges. Click Here
Bank Finance For Collateral inside Kathmandu Valley:
Maximum up to 50% of the Fair Market Value of the property based on the Bank’s valuation report(*).
For Collateral outside Kathmandu Valley:
Maximum up to 60% of the Fair Market Value of the property based on the Bank’s valuation report(*).
For “First Home Buyer”:
Maximum up to 70% of the Fair Market Value of the property based on the Bank’s valuation report(*).
Acceptable Property Free Hold Property only (*).

* *Note: All other terms and conditions shall be as guided by Bank’s policy. In addition, to the above-mentioned parameters, Bank can analyze other details too where deemed required.

Helpdesk - NIC Asia Bank Helpdesk - NIC Asia Bank

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