4th August 2025, Kathmandu
Standard Chartered Bank Nepal offers a comprehensive and flexible range of mortgage loan options designed to help Nepalese citizens achieve their homeownership dreams.
Standard Chartered Mortgage Loans
The bank’s mortgage loan facility is tailored to finance the purchase, construction, renovation, or extension of a home, providing a streamlined and competitive solution in the Nepalese market. With a focus on customer-centric services, Standard Chartered Bank provides not only competitive interest rates and flexible repayment options but also personalized financial consultation to guide borrowers through every step of the home loan process.
Key Features and Benefits
Standard Chartered Bank’s mortgage loans come with several attractive features that make them a preferred choice for individuals seeking home financing:
High Loan Amount and Long Tenor: Borrowers can access a maximum loan amount of up to NPR 50 million. This generous limit, combined with a flexible repayment period of up to 25 years, allows for manageable monthly installments and long-term financial planning. The loan tenor is determined based on the borrower’s eligibility and preference, offering a high degree of customization.
Specialized “First Home Buyer” Program: Recognizing the unique needs of first-time homebuyers, Standard Chartered Bank offers a special package. Under this program, eligible applicants can secure up to 70% of the property’s value in financing, with a maximum loan amount of NPR 15 million and a tenor of up to 20 years. This initiative is a significant advantage for those stepping onto the property ladder for the first time.
Diverse Financing Options: The mortgage loan facility is not limited to just purchasing a new home. It is a versatile tool that supports various property-related financial needs, including:
Home Construction: Financing the building of a new house from the ground up.
Renovation or Extension: Providing funds to upgrade or expand an existing property.
Land Purchase: Securing financing for a plot of land with the intention of future construction.
Loan Refinancing: Offering the option to transfer an existing home loan from another financial institution to Standard Chartered Bank, potentially with a better interest rate or more favorable terms.
Structured Repayment: The loan is designed to be repaid in equal monthly installments (EMIs) throughout the entire tenure. This structured repayment model provides borrowers with predictability in their monthly finances, making it easier to budget and manage cash flow.
Competitive Interest Rates: The bank is committed to offering competitive interest rates, ensuring that the cost of borrowing remains affordable over the long term. This is a crucial factor for borrowers, as it can significantly impact the total cost of the loan.
Fast and Easy Processing: Standard Chartered Bank prides itself on a fast and efficient loan processing system. The bank’s approach involves minimal documentation requirements and a dedicated team that offers personalized service, making the entire application process as smooth as possible.
Eligibility and Documentation
To ensure a smooth application process, Standard Chartered Bank has laid out clear eligibility criteria and a comprehensive list of required documents.
Eligibility:
The loan is available to Nepalese citizens with a minimum age of 21 years. The bank accepts applications from both salaried individuals and self-employed professionals, catering to a broad spectrum of the working population.
Documentation:
All applicants are required to submit a common set of documents, including recent passport-size photographs, copies of citizenship certificates for both the applicant(s) and guarantor(s), and a series of property-related documents such as the Land Ownership Certificate (Lalpurja), Property Transfer Deed (Raji Nama), land blueprint, and tax receipts. For properties with a building, construction approval documents and a building completion certificate are also mandatory.
For Salaried Applicants: Additional documents include salary certification, which can be supplemented with other income proof like rental agreements or audited financial statements.
For Self-Employed Applicants: Business-related documents such as firm or company registration and Permanent Account Number (PAN) registration are required to verify the applicant’s income and business credentials.
Property Valuation:
A critical step in the loan approval process is property valuation. This is conducted by Standard Chartered Bank’s empaneled valuators to determine the property’s market value. The bank requires a series of documents for this purpose, including a “for financial purposes” stamped blueprint and trace map, a Four-Boundary certificate, and the latest land tax receipt. A fixed service fee is charged for this valuation. For properties purchased from developers, additional documents such as the developer’s PAN certificate, company registration, and the project’s master plan are required.
A Secure and Transparent Process
In the event of a loan default, Standard Chartered Bank adheres to a transparent and legal process. The bank reserves the right to auction the collateralized property, following all legal auction procedures as defined by regulatory authorities. This practice ensures a clear and regulated framework for all parties involved.
In conclusion, Standard Chartered Bank Nepal’s mortgage loan offerings are a well-rounded and reliable financial solution for aspiring homeowners. By combining high financing limits, flexible tenors, and competitive rates with a transparent and efficient process, the bank is a strong partner in turning the dream of homeownership into a reality for Nepalese individuals.
For More: Standard Chartered Mortgage Loans