MBL Mortgage Loan
This facility is a secured loan to individuals based on income stream to meet ones financial need to fulfill personal, family and social obligations. This facility may extend to:
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Overview
MBL Mortgage Loan is a secured financing solution for individuals to meet personal, family, and social financial needs. The loan can be used for a variety of purposes, including personal expenses, medical treatment, marriage, travel, leisure, investment, settlement of personal borrowings, purchase or construction of commercial/business property, and equity refinancing against land or buildings owned by the borrower. The facility provides flexible tenure and structured repayment to suit individual financial requirements.
Key Features
1
Loan Limit: Minimum NPR 500,000; Maximum below NPR 5,000,000
2
Purpose: Personal expenses, social obligations, medical, leisure, investment, property purchase/construction, or equity refinance
3
Overdraft Facility: Tenure of 1 year from the date of disbursement, renewable upon satisfactory performance
4
Tenure: Up to 15 years, including a maximum moratorium (grace) period of 12 months
Eligibility
• Nepalese citizens (individuals only)
• Minimum age: 21 years at the time of application
• Loan must be repaid before the borrower reaches 70 years of age or retirement (whichever is earlier)
• Joint applications allowed (with at least one eligible borrower)
Additional Features
• Financing for a wide range of personal, family, social, and business purposes
• Flexible tenure and repayment options to suit borrowers’ needs
• Joint borrowing allowed with proper eligibility verification
• Overdraft facility available with a renewal option based on performance
Documentation
Duly completed and signed the loan application form
Multiple Banking Declaration form (if applicable)
Citizenship certificate and recent photographs of applicant(s)
Income verification documents
Proof of ownership or title of collateral property
Bank statements or financial documents as required by MBL
Other supporting documents as requested
Frequently Asked Questions
Related Products
MBL Mortgage Plus Loan
Loan Limit: Minimum NPR 5,000,000; Maximum NPR 100,000,000
Purpose: Land acquisition, construction of residential/commercial buildings, multi-purpose premises, investments, capital infusion, equity refinance, or repayment of existing loans
Tenure: Up to 15 years, including a maximum moratorium (grace) period of 12 months