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Friday, August 1, 2025

Home loan

Purpose:loan Construction/Purchase of Residential Building/Apartment for Residential or Rental Purpose. Purchase of Land for construction of Residential Building for Residential or Rental Purpose with Approved Construction Plan/Map within 1 year from disbursement of loan. For Extending/Renovating the existing House/Apartment. For Refinancing/Swapping Residential Building for Residential or Rental Purpose. Loan Limit: Up to Rs.10 million for Purchase and Construction of Residential Building/Apartment. Up to 80% of Estimation from Listed Valuator of Bank but not exceeding Rs.10 million for Extending/Renovating of the Existing Residential Building/Apartment. Up to Rs.10 million but limited to current Outstanding Loan in other BFI for Refinancing Residential Building/Apartment. Payment: Approved Loan shall be paid on installment basis as per completion of the work.

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What Is a Mortgage?

A mortgage is a loan used to purchase or maintain a home, plot of land, or other real estate. The borrower agrees to pay the lender over ti...