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Machhapuchhre Bank Limited
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Home Loan

If you are thinking of purchasing of land (with objective of construction of house at
the same time), constructing a new house or renovating existing one or extension of
a residential house or non-residential property or to refinance the equity already
injected, Machhapuchchhre Bank Limited is ready to provide you financial
assistance to materialize your plan. We finance upto 80% of your requirements.

Loan Amount:

The loan amount should be minimum Rs.500, 000/-

Repayment in equated Monthly Installments (EMI) within 3 years to 20 years.
Moratorium period can be granted for new construction.
Finance Available:

To build a new house
To complete a house under construction
To renovate existing house
To purchase land and building
To purchase land and construct a new house
To refinance the equity already injected

Eligibility Criteria:

Professionals (Doctor. Lawyer. Loan Processing Fee: 0.Permanent employee of organized sector. if the application is complete in all respects. business persons Others having proof of regular income source Security Requirement: The property purchased/ constructed from the loan. . Or. For more details.75% of the approved loan amount to be paid at the time of first disbursement of Loan. The borrower must be at least 21 years of age and the loan must be terminable before you reach the age of 65 years. Loan can be granted for purchase of land for residential use. you need just to pay 1% loan outstanding. Response Time: The loan will be approved within 5 working days. please contact to Credit Department in any branch of Machhapuchchhre Bank Limited. etc. wherein you must construct house for your own residence. To entertain your prepayment of loan plan. even planning to sale some property or assets whose proceeds you can use to pay off the loan.) Self-employed individuals. Other Features: You may be expecting a windfall or inheritance in the near future. It could also be the case that your income increases considerably and you would like to repay at least a part of the loan. Chartered Accountants. Engineer. Other terms and conditions will be as decided by the bank from time to time.

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