Revised criteria for Loans

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

     MOTOR VEHICLE LOANS

Property ValueMaximum 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 AmountFinancing Limit (Loan to Collateral Value)
CHSecond Hand Assets
Up to Nu. 5 Million70%60%
Nu. 5 million above but below or equal to Nu. 20 million60%50%
Above Nu. 20 million50%50%
Repairs
Up to Nu. 10 million50%

HOME LOAN

Loan AmountFinancing Limit (Loan to Collateral value)
Home LoanSecond Hand Assets
 Up to Nu. 1 Million80%70%
Nu. 1 million above but below Nu. 2 million70%60%
Up to Nu. 5 million60%50%
Repairs
Up to Nu. 0.6 million50%

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.