NIMB Home Loan Nepal: Affordable Ghar Karja for Buying, Building & Renovation
1st June 2025, Kathmandu
NIMB Home Loan, also known as Ghar Karja, is a flexible and affordable financing solution designed to help Nepalese citizens and Non-Resident Nepalis (NRNs) own or renovate their homes.
NIMB Home Loan Nepal
With competitive interest rates, easy repayment options, and attractive tax benefits, NIMB’s home loan product stands out as one of Nepal’s leading housing finance solutions. Whether you want to buy a new house, build a property, renovate an existing one, or invest in commercial real estate, NIMB provides a comprehensive loan that fits your needs.
Comprehensive Use Of NIMB Home Loan
NIMB Home Loan supports multiple purposes related to residential and commercial properties. You can use the loan to:
Purchase a residential house or apartment.
Build a new residential or commercial property.
Renovate, repair, or extend your existing home or business premises.
The loan is structured as an installment-based financing option, secured through a registered mortgage on the property. Borrowers repay the loan via equated monthly installments (EMIs) or quarterly payments, based on the agreement with the bank.
Key Features and Benefits
NIMB Home Loan offers several important features designed to make homeownership easier and more affordable:
Competitive Low-Interest Rates: The loan features attractive rates calculated daily on the outstanding balance with options for fixed or floating premiums.
Flexible Tenure: Borrowers can choose a loan tenure of up to 30 years. For applicants with 100% remittance income, the maximum tenure is 20 years.
Loan Amount Range: Loans start from NPR 1 million and can go up to NPR 200 million, catering to a variety of budget needs.
High Loan-to-Value (LTV) Ratio: For loans below NPR 200 million, the LTV can be as high as 70%, while for loans exceeding this amount, it is capped at 60%.
Debt Burden Ratio (DBR): The borrower’s monthly debt payments must not exceed 50% of their gross monthly income, ensuring responsible borrowing.
100% Construction Financing: The bank can finance the entire construction cost within LTV limits, easing the burden on home builders.
Moratorium Period: Borrowers may benefit from up to one year of moratorium, where interest payments can be suspended temporarily.
Easy EMI Options: Repayment is flexible with EMI payments due either on the 1st or 20th day of each month.
No Prepayment Charges: For loans up to NPR 5 million, customers can repay early without any penalties, promoting faster loan clearance.
NRB-Compliant: The loan adheres to the Nepal Rastra Bank’s regulations and directives.
Eligibility Criteria
NIMB Home Loan is available to a wide range of applicants, including:
Salaried individuals.
Business owners and self-employed professionals.
Employees of NGOs, INGOs, and large corporate organizations.
NRNs with proof of remittance income.
To qualify, applicants must satisfy the following conditions:
The borrower’s age at loan maturity should be at least 25 years and preferably not exceed 70 years. For joint borrowers, at least one must meet this criterion.
The Debt Burden Ratio must not exceed 50% of the applicant’s gross monthly income.
Applicants must not have an existing home loan if applying as first-time homebuyers.
For remittance-based income, applicants need to show legal proof of at least four remittances.
NIMB also provides an easy-to-use EMI calculator on their website to help applicants estimate monthly payments in advance.
Types of Home Loans Offered
NIMB provides two main categories of home loans to suit different borrower needs:
Residential Home Loan
This loan is meant for purchasing, building, or renovating residential properties for personal use. It suits individuals or families aiming to own or upgrade their homes.
Commercial Home Loan
Designed for entrepreneurs and investors, this loan supports the purchase or construction of commercial properties such as shops, offices, or rental buildings.
Loan Limits And Repayment Details
The bank offers flexible loan limits to accommodate different financial capacities:
Minimum Loan Amount: NPR 1 million.
Maximum Loan Amount: NPR 200 million.
LTV Ratio: Up to 70% for loans below NPR 200 million and 60% for larger loans.
DBR Limit: Should not exceed 50% of the borrower’s gross income.
Moratorium Period: Up to 12 months allowed to defer interest payment.
EMI Payment Dates: 1st or 20th of every month, based on borrower preference.
Interest Calculation: Daily on the outstanding loan balance with fixed or floating rates.
Special Conditions For First-Time Homebuyers
NIMB Home Loan follows special guidelines for first-time buyers, as per NRB regulations:
The property must be for personal use only; commercial or rental use is excluded.
Maximum built-up area should not exceed 3,000 square feet.
Rental income is not counted as repayment capacity.
Borrowers cannot have an existing home loan from any bank.
For loans below NPR 200 million, LTV can be 70% and Debt-to-Income (DTI) up to 60%.
For loans above NPR 200 million, both LTV and DTI are capped at 60%.
Loan Switching And Prepayment Options
If you have an existing home loan with another bank, NIMB allows you to switch your loan under these conditions:
The maximum loan amount for switching is limited to your outstanding balance.
All other terms apply as per NIMB policy and NRB directives.
Prepayment charges apply for loans above NPR 5 million, while smaller loans can be prepaid without penalties.
Documents Required To Apply
To ensure a smooth application process, applicants must submit the following documents:
Personal Documents
Copy of Citizenship Certificate.
Relationship Certificate (if joint application).
PAN Card (for loans above NPR 2.5 million).
Declaration of multiple banking relationships.
Net worth statement and NRB documentation checklist.
No Objection Certificate (NOC) from legal heirs (if applicable).
Loan application form with signed undertakings.
Property Documents
Location map and land tax receipt.
Ownership transfer deed (e.g., Rajinama, Bakaspatra).
Four-boundary certificate and road access document.
Approved building design map and Building Completion Certificate (BCC).
Valuation report by a bank-approved valuator.
Income Proof
Salary certificate, employment contract, or TDS receipts.
Bank statements showing salary or pension deposits.
Audited financial reports or projected income for business owners.
Remittance receipts (minimum four legal transfers).
Certified agricultural income proof and site visit report (if applicable).
Security Documents
Mortgage deed and Roka letter in favor of the bank.
Personal guarantees and other required legal documents.
Insurance policies on mortgaged property or vehicles.
Lien on Fixed Deposit Receipt (FDR), if the loan is against the FDR.
Final Thoughts
NIMB Home Loan is a trusted and comprehensive financing solution tailored to the diverse needs of modern Nepalese families and businesses. Its competitive interest rates, flexible repayment plans, long tenure, and adherence to regulatory standards make it a strong choice for homebuyers and real estate investors alike.
Whether you’re a first-time buyer dreaming of your own home or a seasoned property owner looking to renovate or expand, NIMB provides clear and affordable loan options to make your dreams a reality.
For more: NIMB Home Loan Nepal
