Siddhartha Bank Home Loan: Hamro Ghar Karja & Special Rates for Women
21st June 2025, Kathmandu
Siddhartha Bank has launched a special home loan scheme to promote home ownership in Nepal. The bank encourages women to buy land and houses in their name.
Siddhartha Bank Home Loan
The loan product is called ‘Hamro Ghar Karja’. It comes with attractive interest rates, especially for women. This initiative aims to empower women by making home loans affordable and accessible.
Attractive Interest Rates For Women
The loan offers a fixed interest rate of 8.49% per annum for women for the first seven years. For others, the rate is 8.75% per annum. These rates are competitive compared to other home loan options in Nepal. Lower interest rates help reduce monthly payments. Thus, women can plan their finances better and invest in property without heavy burdens.
Flexible Use Of Home Loan
You can use this loan for various purposes. It covers buying land, purchasing or constructing houses, and even furnishing homes. Whether you want to buy a new apartment or renovate an existing building, this loan fits your needs. The bank also offers expert guidance during the loan process. Their team helps with property valuation, eligibility assessment, and loan structuring. This makes the entire journey smooth and hassle-free.
Documents Required For Loan Application
Siddhartha Bank requires several documents to process the loan. First, personal identification is mandatory. This includes citizenship certificates or passports and two recent photographs. If applicable, relationship and marriage certificates should be submitted. To prove your financial credibility, you need to provide bank statements for at least six months. These include deposit and loan account statements.
If you run a business, additional documents are needed. Company or firm registration certificates, PAN/VAT certificates, and partnership deeds must be submitted. Articles of Association (AOA) and Memorandum of Association (MOA) are also required when applicable. For loans exceeding NPR 5 million, individual PAN certificates are necessary.
Property And Collateral Documents
The bank demands proper collateral to secure the loan. You must provide legal property documents such as Lalpurja (land ownership certificate), Rajinama or Bakaspatra, and receipts from the Malpot office. Tax clearance certificates for the building are essential. Approved house maps, blueprints, and trace maps must also be submitted. Additionally, certificates proving construction completion or house registration in Lalpurja are required if a house already exists.
Providing these documents helps verify the property’s legality and ownership. It also protects the borrower and the bank during the loan period.
Proof Of Income
Income verification plays a crucial role in loan approval. Borrowers need to submit salary certificates as proof of steady income. If you earn rental income, provide a rental agreement along with the tenant identification. Business owners should submit audited financial statements from the last two fiscal years. Pensioners need to present a pension certificate.
For those working in the transport sector, a valid blue book and route permit must be submitted. Foreign employment income earners should provide work permits, valid passports with visas, pay slips, and bank account statements. Lastly, the latest tax payment receipts or tax clearance certificates are mandatory wherever applicable.
Normal Home Loan Features
Besides the women-focused loan, Siddhartha Bank also offers a normal home loan. This loan suits those who want to buy residential buildings, construct homes on owned land, or renovate existing properties. You can also use it to purchase apartments in housing colonies.
The loan offers flexible repayment schemes lasting up to 25 years. It includes a moratorium period to help ease financial pressure initially. Borrowers can choose to repay through EMI (Equated Monthly Installments) or EQI (Equated Quarterly Installments). This flexibility helps manage cash flow better.
The required documents for the normal home loan are almost the same as those for the Hamro Ghar Karja. The bank ensures thorough verification of identity, income, and collateral to approve loans responsibly.
Why Choose Siddhartha Bank Home Loans?
Siddhartha Bank’s home loans stand out for their affordability and flexibility. The special interest rate for women borrowers encourages gender equality and economic empowerment. The long repayment tenure and moratorium options make home loans manageable for many Nepali families.
Moreover, the bank’s dedicated team guides borrowers throughout the loan process. From assessing property value to helping with documentation, they offer full support. This personalized approach makes borrowing easier and faster.
If you dream of owning a home or building your ideal house, Siddhartha Bank’s Hamro Ghar Karja is a smart choice. With low-interest rates and flexible terms, it can help turn your dream into reality.
For more:- Siddhartha Bank Home Loan
