Revised criteria for Loans

Revised criteria for Housing, vehicle and consumer loans with effect from 01.09.2014.

     MOTOR VEHICLE LOANS

Property Value	Maximum Loan to value (LTV)
	New	Second Hand
Up to Nu. 800,000/-	60%	40%
Above Nu. 800,000/-	50%	40%

1. The term of the vehicle loan shall be a maximum period of 5 years.

COMMERCIAL HOUSING LOAN

Loan Amount	Financing Limit (Loan to Collateral Value)
	CH	Second Hand Assets
Up to Nu. 5 Million	70%	60%
Nu. 5 million above but below or equal to Nu. 20 million	60%	50%
Above Nu. 20 million	50%	50%
	Repairs
Up to Nu. 10 million	50%

HOME LOAN

Loan Amount	Financing Limit (Loan to Collateral value)
	Home Loan	Second Hand Assets
Up to Nu. 1 Million	80%	70%
Nu. 1 million above but below Nu. 2 million	70%	60%
Up to Nu. 5 million	60%	50%
	Repairs
Up to Nu. 0.6 million	50%

CONSUMER LOANS (CL)

1. CL shall not be provided in the form of overdraft facility to an individual.
2. CL shall have a maximum loan of Nu. 500,000/- with a maximum loan term of 5 years.