Civil Bank Personal Mortgage Loan (CiPML)

One of the main objectives of the Bank is to extend a vivid range of banking services to the masses. Civil Bank Personal Mortgage Loan is one such product to cater to the various financing requirement of individuals.

Basic Eligibility Criteria

Individuals or group of individuals requesting for CiPML must be able to justify the following:

  • TReliable and steady source of income to serve the loan instalment amount along with interest.
  • Declare the purpose of the loan.
  • Provide unencumbered fixed assets collateral (land and building) fully covering the requested loan exposure.

Product Details:

Types of CiPML

Two types of CiPML shall be provided depending upon the nature of the funding requirement:

  • Non Revolving (CiPML I)
  • Revolving (CiPML II)

Loan Limit

  • The minimum limit of CiPML is NPR. 100,000.
  • The maximum limit of CiPML is NPR. 50,000,000.

Loan Tenure

  • The loan tenure of CiPML shall be fixed on the basis of loan repayment capacity of the borrower.
  • The loan tenure for CiPML (Non Revolving) shall be fixed for maximum of 8 years or less.
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  • The loan tenure for CiPML (Revolving) in the form of overdraft shall be for maximum period of 1 year and can be renewed on an annual basis.

Interest Rate
Interest rate on CiPML will be decided by the competent authority from time to time.