The purpose of the product is to extend secured loans to high net worth individuals based on their income stream to meet their various financial needs.
To meet the fund requirement of individual for specific needs. Specific needs can be explained like land acquisition and Construction of office buildings, rental space, multi-purpose commercial premises, multi-family residential buildings, multi-tenanted commercial premises, purchase of residential/commercial land and land & building, construction of residential/commercial building, investment in securities, capital investment in business etc.
Equity refinance against land and/or building owned by the Borrower for specific purpose acceptable to the Bank.
For repayment of existing loans availed from other Financial Institution. Purpose of loan should be clear and acceptable to the Bank.
Minimum loan limit under MBL Mortgage plus Loan is NPR 5,000K and Maximum limit under MBL Mortgage Plus Loan is NPR 100,000K. Maximum tenure under MBL Mortgage Plus Loan shall be 15 years including moratorium period (grace period), maximum moratorium period of 12 months is provided under MBL Mortgage Plus Loan. In case of overdraft facility the tenure will be one year from date of disbursement, which may be subject to renewal on satisfactory performance.