Documents
Customer Segment
1. Ballooning Housing Loan
- Salaried individuals - Employees of organization having stable and regular income with at least one time bulk income (bonus, welfare etc.) at certain point/s in a year
2. Reverse Ballooning Housing Loan
- Salaried individuals - Self-Employed Professional/Businessmen - Borrowers able to pay higher EMI in beginning so that savings can be invested in other areas during tow EMI periods
Basic Documentation (as applicable)
1. Identification Documentation
- Photograph and copy of citizenship of the applicant/sponsor/guarantor
- Copy of Individual PAN certificate (where applicable)
- Map of the applicants’/sponsor’s/guarantor’s residence
- Net worth statement of applicant/guarantor/sponsor
- Multiple Banking document
- Account in NMB Bank Ltd.
2. Income related documents
For salaried individuals
- Salary certificate from the employed organization/company (Not older than 3 months).
- Bank Statement for minimum 6 months, as applicable.
- Latest two salary slips (if any).
- Tax paid documents
For self-employed professionals
- Certificate of registered professional.
- Detail of income source/ profession.
- Proof of last 3 years of continuous practice (if any).
- Bank Statement for minimum 6 months, as applicable.
- Tax Paid documents
For business person
- Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
- Bank Statement for minimum 6 months, as applicable.
- Certificate of Incorporation (in case of organization)
- Valid Firm/Company registration certificate.
- MOA/AOA, Share Lagat, partnership deed (as applicable)
- Recent tax paid receipt documents
For other sources
- Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.
- Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.
