Any individual who can provide immovable properties like land and building registered in his name/family members and located in urban and semi-urban location.
Maximum limit of Nu.500,000/- only.
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Copy of citizenship identity card of both the applicant and the guarantor.
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One recent passport size photographs of the applicant and the guarantor if any.
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Ownership certificates of collateral security offered to bank.
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Property valuation/assessment certificates for collateral securities.
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Copy of valid Insurance Policy for building offered as collateral.
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Copy of business license in case the loan is to be serviced from business earnings.
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Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner.
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The Co-owner or joint owner of the property has to stand as a Guarantor where the property is charged to the Bank as collateral (Fixed assets only).
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For family owned land, family tree (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
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Proof of income to service the loan - verified rental income, BIT, etc.
