Monday, March 30, 2026
A mortgage loan
Mortgage loan is a secured loan used to purchase or renovate property (homes, land) or to raise funds by pledging existing real estate as collateral. It generally features a 15–30 year term, competitive interest rates, and loan-to-value (LTV) ratios up to 60–70% of the property’s appraised value.
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Key Aspects of Mortgage Loans:
Purpose: Purchasing homes, construction, extension, or financing other needs using land as security.
Loan Amount: Varies by institution, with some offering up to NPR 200 million (subject to income and policy).
Eligibility: Typically open to individuals aged 18–70 with a stable, documented income (salaried or self-employed).
Security: The property being purchased or another property is used as collateral.
Repayment: Usually through Equated Monthly Installments (EMI) over a set tenure.
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