Future Lease Rental

Purpose

  • To meet business/personal needs.

Eligibility

  • Property owners having their properties ( situated in urban areas of Kathmandu / Pokhara/Birgunj/Biratnagar and others ) let out such properties to Government/Semi-Government and reputed corporates, Banks, Financial Institution, Insurance Companies, Multi National Companies, NGO’s/INGO’s and Embassy Officials.

Limit

  • Maximum 80% of the future lease rentals which should not exceed the amount of rent receivables within unexpired period of deed/lease deed or 3 years whichever is less.

Interest Rates

  • Competitive rate

Security

  • Assignment of Lease Rentals
  • Registered mortgage of immovable property to the extent of 125% of the proposed loan
  • Personal guarantee of the borrower and the mortgage provider.

Disbursement

The loan amount will be disbursed on:

  • Assignment of lease rentals
  • Registered mortgaged of immovable property
  • Extension of Tripartite agreement

Repayment Options

  • Loan with interest is to be repaid in equated monthly installments in 36 months or the remaining period of lease whichever is earlier.
  • The quarterly interest is to be paid within one week of the close of the quarter.