Mortgage Loan/Secured Personal Loan

Mortgage Loan/Secured Personal Loan “Extend your arms / Reach / Get finance for your desire sector.” HBL Offers Personal Loan against the mortgage of already owned fixed assets to invest in the desire sector Base Rate + 0.50% up to 2.50% p.a. Premier Mortgage Loan -Secured Personal Loan Base Rate + above 2.50% up to 4.00% p.a. Standard Mortgage Loan-Secured Personal Loan 8.25% per annum Mortgage Loan - Secured Personal Loan (Upto 7 Years) Explore Other Interest Rates Target Customer Upper and middle class Nepalese entrepreneurs/business personnel having regular, stable and sufficient income to serve the debt. Loan Type Loan Type Term Loan Overdraft Loan Limit From Rs. 2.50 Million to up to Rs. 20.00 Million Up to Rs. 5.00 Million Loan Tenure Up to 15 Years 1 year having renewal option Loan Repayment Equal Quarterly Installment (EQI) or Equal Monthly Installment (EMI) Quarterly Interest Payment (Principal amount shall be paid at the end of the loan tenure.

Type of mortgage loan

Jumbo Loans: These are for loan amounts that exceed the conforming loan limits set by the FHFA and typically have stricter qualifying criteria. Interest-Only Mortgages: The borrower makes only interest payments for a set initial period, after which payments cover both principal and interest. Reverse Mortgages: Available to older homeowners, these allow you to borrow money against your home equity without making monthly repayments. The loan is typically repaid when the owner dies, sells the home, or permanently moves out. To explore your options, you can check mortgage rates and find a suitable lender through financial institutions like banks, credit unions, or online

Types of mortgage loans

Fixed-rate mortgage: The interest rate remains constant throughout the life of the loan, providing predictable monthly payments. Adjustable-rate mortgage (ARM): The interest rate starts fixed for an introductory period and then adjusts up or down periodically based on a specified market index. Conventional loans: These are traditional loans not insured by the government. They typically require a credit score of at least 620 and may have stricter qualification requirements. FHA loans: Backed by the Federal Housing Administration (FHA), these loans are popular with first-time homebuyers and allow for lower credit scores (as low as 500) and smaller down payments (as low as 3.5%). VA loans: Guaranteed by the U.S. Department of Veterans Affairs (VA) for eligible military members and veterans, these often require no down payment. USDA loans: Backed by the U.S. Department of Agriculture (USDA) for properties in designated rural areas, these also typically require no down payment. Jumbo loans: These are for loan amounts that exceed the conforming loan limits set by the government.