16th October 2025, Kathmandu
The journey to homeownership in Nepal is a significant life milestone, representing financial stability, personal security, and a future for your family.
Siddhartha Home Loan
Whether you are looking to purchase your first plot of land in Kathmandu, build a modern house in Pokhara, or renovate a family property, securing the right financing is the most critical first step.
Siddhartha Bank stands as a reliable partner in this venture with its tailored home loan product, Hamro Ghar Karja (Our Home Loan). This scheme is designed to address the unique needs of Nepalese residents, offering competitive interest rates, flexible usage, and a streamlined process. By choosing Siddhartha Bank, you gain more than just capital; you gain a transparent, reliable service backed by an expert team dedicated to turning your dream home into a tangible reality.
Key Features of Siddhartha Hamro Ghar Karja: Your Path to Affordable Homeownership
Siddhartha Bank’s home loan is structured around features that prioritize affordability and flexibility, making it one of the most attractive financing options in the Nepali market. The bank’s philosophy is to make the loan process simple, transparent, and supportive for every customer.
1. Competitive and Fixed Interest Rates for Stability
In a market often characterized by fluctuating interest rates, Siddhartha Bank provides a degree of financial certainty that allows homeowners to plan their budgets effectively.
- Standard Fixed Rate: The standard fixed interest rate is set at 8.75% per annum. This fixed rate offers peace of mind, protecting you from potential rate hikes during the term of your loan, thus ensuring your Equated Monthly Installment (EMI) remains predictable.
- Special Empowerment Rate for Women: Recognizing the pivotal role of women in Nepalese society and aiming to foster financial independence, Siddhartha Bank offers a significantly reduced rate. Women applicants can benefit from a special fixed rate of 8.49% per annum for the first seven years. This women-centric approach not only lowers the cost of borrowing but actively supports and empowers women to achieve the crucial milestone of owning a home.
2. Truly Flexible Loan Utilization
The Hamro Ghar Karja product is designed for multiple stages of the homeownership journey, offering comprehensive financing solutions for various needs:
- Purchase or Construction: Easily finance the purchase of residential land or the construction of a brand-new home from the ground up.
- Renovation and Upgradation: Use the funds to renovate, expand, or upgrade your existing property, increasing its value and modernizing your living space.
- Home Furnishing: The loan also provides flexibility to fund the furnishing of your new or renovated house, ensuring you can move into a completely finished and comfortable home.
3. Expert Guidance and Seamless Service
The bank’s expert team assists you through every single step—from the initial property valuation and in-depth eligibility assessment to the final stages of loan structuring and disbursement. This personalized support ensures that the complex process of securing a home loan is as smooth and hassle-free as possible for the applicant.
The Benefits of Choosing Siddhartha Bank for Your Home Loan
Opting for the Siddhartha Home Loan offers distinct advantages that enhance the overall value proposition for prospective homeowners across Nepal.
- Financial Planning with Fixed Rates: The most significant advantage is the fixed interest rate structure. By locking in at 8.75% p.a. (or 8.49% p.a. for women), borrowers are insulated from market volatility. This stability makes long-term financial planning simpler and minimizes the risk associated with variable rate loans. A stable EMI means you can allocate your remaining income with confidence.
- Empowerment through ‘Hamro Ghar Karja’: The special rate for women is a powerful tool for promoting financial inclusion. By making home loans more affordable for women, Siddhartha Bank contributes to a broader societal goal of women’s financial empowerment and encourages property registration in their names, a vital step toward securing property rights. This commitment is particularly beneficial for working women, single mothers, and widows seeking a secure future.
- Versatility for Diverse Needs: Whether you are salaried, self-employed, or working abroad, the loan accommodates various income sources. The flexibility in loan purpose—spanning land purchase to construction and renovation—ensures that the product caters to the varied requirements of the modern Nepali household. The availability of funds for even minor home improvements or furnishings highlights the comprehensive nature of this financial package.
Demystifying the Application Process: Required Documents for Your Hamro Ghar Karja
The key to a fast and smooth loan approval is submitting a complete and accurate set of documentation. Siddhartha Bank aims for transparent guidance, and the following list details the comprehensive requirements necessary for the Hamro Ghar Karja application. It’s always best to have these documents organized before initiating the process.
1. Personal Identification and Affiliation
These documents verify your identity and civil status.
- Personal Identification: Two copies of recent photographs, Citizenship Certificate, and/or Passport are mandatory.
- Relationship Proof: Documents such as the Relationship Certificate and Marriage Certificate must be included, where applicable, to confirm family structure.
2. Financial and Business Details
This section establishes your financial health and capacity to repay the loan.
- Banking Records: A mandatory bank (deposit & loan) account statement for at least 6 months is required to assess transaction history.
- Tax Compliance: A PAN Certificate is required, particularly for loan amounts exceeding the NPR 5 million threshold. Latest tax receipts or a tax clearance certificate must also be provided.
- Business Documentation (If Applicable): For self-employed or business owners, submit the Firm/Company Registration Certificate, Articles of Association (AOA), Memorandum of Association (MOA), Partnership Deed, and PAN/VAT Certificate.
3. Collateral (Property) Documentation
The property being mortgaged requires thorough legal documentation to secure the loan.
- Title Deeds and Maps: This includes the Lalpurja (Land Ownership Certificate), Rajinama/Bakaspatra/Ansha-banda documents, and the Receipt from the Malpot (Land Revenue) Office.
- Structural Approval: Submit the approved House Map, Blueprint, Trace Map, and Char Killa Pramanit (Four Boundary Certificate).
- Compliance and Clearance: Essential documents include the Building Tax Clearance Certificate, Nirman Sampanna Patra / Abhilekhikaran (Completion Certificate/Record), and the Ghar Kayam record in Lalpurja (if a house already exists on the plot).
4. Proof of Income
Verifying your income source ensures the loan is structured responsibly according to your repayment capacity.
- Salaried Individuals: Provide a Salary Certificate from your employer.
- Rental Income: If applicable, include the Rental Agreement and a copy of the tenant’s ID.
- Business Income: Submit the Audited Financials for the last two fiscal years.
- Specialized Income: Specific documents are required for other income streams, such as a Pension Certificate (Patta), or a Valid blue book and route permit for those in the transport business.
- Foreign Employment Income: Applicants working abroad must furnish their Salary Certificate, Work Permit, Passport with Visa, Pay Slip, and Bank Statement.
By meticulously preparing this list of required documents, you significantly accelerate the process and ensure a swift loan sanction. Siddhartha Bank’s dedication to providing a seamless experience, combined with its highly competitive fixed rates and special focus on women borrowers, truly positions the Hamro Ghar Karja as the ideal financial tool to achieve your dream of owning a home in Nepal.
For More: Siddhartha Home Loan