Nepal Rastra Bank has increased the home loan limit to Rs 3 crore for the fiscal year 2082/83, allowing first-time home buyers to borrow up to 80% of the property value, as per the newly announced Monetary Policy.
Nepal Rastra Bank has raised the home loan limit in its Monetary Policy for the fiscal year 2082/83. Individuals purchasing their first home can now avail loans up to Rs 3 crore. Previously, the maximum loan allowed for home purchase was Rs 2 crore.
Governor Dr. Bishwanath Paudel announced that first-time home buyers can obtain loans up to 80% of the property price. Additionally, for the purchase of other residential homes or land, loans up to 70% of the value will be provided, according to the policy.
This decision by the central bank is expected to support the revival of the housing sector, boost construction activities, and help middle-class families realize their dream of owning a home.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
