Home Loan

 

“A beautiful home with a happy family” Isn’t this what we all dream of ? This dream sounds great but seems difficult to be fulfilled. But you need not to worry now; your dream home is now with your reach as we are here to facilitate you. We take care of your search for a better dwelling; of course through our continuous efforts and deep rooted partnership. To fulfill your long waited dream of a house, Prime Commercial Bank has launched consumer friendly product – Prime Home Loan. This housing finance scheme gives you an excellent opportunity to have your own house and is carefully tailored to suit your requirements & match your capacity.

 
For What Purpose?
• Purchase of new house or flat for residential purpose.
• Construction of new house on applicant’s already owned land
• Purchase of old house not more than 10 years old
• Extension/Repair/Renovation of existing house.
• Furnishing of already existed house.
• For the purchase of real estate houses.
 
For Whom? - Target Customers ( Eligibility Criteria) 
• Employee /Salaried Persons.
• Entrepreneurs.
• Fixed Income Group( Having rental/pensions/property etc).
 
Maximum Financing
The maximum amount of Home Loan finance will be up to a maximum of 2/3rd of the total construction/purchase price of house. For furnishing, finance from our part will be 70% of cost of such furnishing. 
 
Charges 
• Processing Fee/ Prepayment Charges: 1% of loan amount
 
Interest Rate:                Prime : 9.50% p.a.
                           Other : 10.50% p.a.
 
 Tenure: 
• Maximum Up to 20 years
 
Documents Required                                                                       
• Identification document like Citizenship, Passport
• Photographs
• Documents certifying current salary (for employee)
• Certified Income Statement
• Paper of Agreements/contracts (for Fixed Income Groups)
• Photocopy of Land ownership certificate
• Original blue print of the land 
• Photocopy of construction approval/ completion certificate from Municipality/VDC
• Photocopy of four Boundary Disclosure (Char Killa) from ward office of the land/building to be placed as collateral. 
• Photocopy of latest land revenue receipt (Malpot Receipt) and tax clearance receipt of the building to be placed as collateral