Make your dream of owning a house come true with Jyoti Home Loan. This product brings you multiple home financing options like purchasing land, reimbursing cost of land and buildings/apartments, renovation expenses and purchase of completed buildings/apartments. This product is well suited to meet your budget and various financing needs.
Financing on purchase of land and building/apartment, construction/renovation of building/apartment, reimbursing cost of recently purchased building/apartment, taking over good home loan of other Bank/FIs etc.
Loan to Nepali citizen with identifiable and stable source of income
2. Target Customer
Employed /Self employed professionals
Employees of corporate business houses
3. Loan Amount
Minimum Loan amount: NPR 5 lakhs
Minimum Loan amount can be less than NPR 5 lakhs in case of Deprived Sector Home Loans
4. Debt service coverage ratio
Uncommitted monthly income to be atleast 2 times of proposed EMI
In case of purchase, full amount can be disbursed after completion of documentation; and in case of construction, phase wise disbursement.
6. Interest rate: Competitive interest rates. Click here
Land and building for which housing loan is sanctioned
8. Nature of Facility
Non revolving and non-renewable
Maximum tenure of 35 years
10. Repayment Modality
Equated Monthly Installments (EMI)
Duly filled loan application form of bank
Photograph and copy of citizenship of applicant and the guarantors