Mahalaxmi Home Equity Loan

Documents required for Home Equity Loan

Along with the Loan application you will need to provide the following documents required for processing Mahalaxmi Home Equity Loan.

1.    Identification Documentation

•         Photograph and copy of citizenship of the applicant /guarantor.
•         Marriage Certificate
•         Family Details & Nata Pramanit
•         Copy of Individual PAN certificate (where applicable)
•         Net worth statement of applicant/guarantor/sponsor.

2.    Income related documents

For salaried individuals

•         Salary certificate from the employed organization/company (not older than 3 months).
•         Bank Statement, as applicable.
•         Latest two salary slips (if any).

For self-employed professionals

•     Certificate of registered professional.
•     Detail of income source/ profession.
•     Proof of last 3 years of continuous practice (if any).
•     Bank Statement, as applicable.

For business person

•     Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
•     Bank Statement, as applicable.
•     Certificate of Incorporation (in case of organization)
•     Valid Firm/Company registration certificate.
•     MOA/AOA, Share Lagat, partnership deed (as applicable)
•     Recent tax paid receipt.

For other sources

•     Other rental income details. 
•     Pension slip, interest received statement etc.
•     Bank Statement, as applicable.
•     Other verifiable income.

3.    Collateral related documents

•     Land ownership certificate    
•     Blue print / trace map
•     Four wall boundary
•     Building construction permission certificate from competent authority, construction completion certificate ( as applicable )
•     Collateral transfer deed (for recently purchased property)
•     latest revenue receipt of land or land or/and building offered as collateral