Loan Against Property (LAP)

A. 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.

B. 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 (residual income will be considered if under loan)
  • Pension slip, interest received statement, etc.
  • Bank Statement for minimum 6 months, as applicable
  • Other verifiable income
  • Tax paid documents

C. Collateral related documents

• Land ownership certificate
• Blueprint/Cadastral Map / trace map
• Four boundary certificate (Char Killa)
• Land Classification Document
• Naksaa Pass, building construction permission certificate, and construction completion certificate (as applicable)
• Collateral transfer deed (rajinama) for recently purchased property
• Latest revenue receipt of land or land/building offered as collateral