Bank & other financial institution provides personal loan against the securities and projected income of upcoming yrs, besides these, the following documents are also required for timely approval of personal Loan in Nepal. The documents stated here are mentioned studying common practices in Nepal keeping on mind the guidelines provided by the Nepal Rastra Bank.
Collateral Security Document
1
Complete Detailed Valuation Report for all Plots
2
Lalpurja for all Plots
3
Four Boundary Certificate all Plots
4
Tiro Receipt All Plots
5
Trace/Blueprint with Plot No. Marked on the document
6
Building Completion certificate and Building Approval Certificate /Engineer Drawings, if applicable
7
Road Access Proof documents
9
Ownership transfer deed(Rajinama, Bakaspatra etc.) if applicable
Income Documents
1
Income verification documents(salary, rental income etc.)
2
Salary TDS document for salary certificate
3
Rental TDS document for rental income
4
Income Consent for all income holders
5
Audit Report/Tax clearance certificate to verify Business Income(if applicable)
6
** Agriculture income along with Agriculture verification document, signed/verified from branch (Note: Consider maximum 80% only for agriculture income)
7
Capital Gain Tax Report for Income from shares(Margin Lending Loan only)
8
Vehicle income documents(Bill book, Route Permit, Janch Pass document if applicable) & Valid insurance policy
** Point no 6 not mandatory by all financial institution, selected banks may ask for the same.
Customer Credibility
1
Consumer Credit Report from Credit Information Bureau
