Shangri-la Foreign Employment Loan

You have obtained visa or in the process of obtaining visa but need money to finance your travel abroad then visit our nearest branch for financing your need. This product can be availed for Financing your abroad visit for employment

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Finance and tenure
Upto

3.99 % financing

Tenure Upto

2 years

Features:

  • Collateral (Fixed Assets) shall be required for all the above mentioned product
  • Maximum of 70% of distress value of the collateral shall be availed as loan
  • Collateral should be accessible by at least 8 feet wide motorable road
  • Collateral should be free from Guthi and mohi; and far from high tension wire
  • Collateral shall be valuated by authorized valuator of the bank
  • Maximum tenure of loan shall be of 15 year
  • Client should be at least of 21 years and should not be more than 60 years at the time of availing loan

Benefits

  • Easy repayment plan matching with the income of the client
  • Personalized service
  • Quick processing and decision shall be obtained within 48 hours after complete submission of documents
  • Easy documentation

Documentation Required

  • Valid visa obtained for foreign employment of person going abroad
  • Photocopy of passport of person going abroad
  • Passport size photograph (3 Copies) of Loan Applicant / (1 copy) of Guarantor
  • Photocopy of Citizenship of Applicant / Guarantor
  • Photocopy of Registration No and PAN of Company or Firm
  • Copy of Memorandum of Association and Article of Association in case of company
  • Partnership deed in case of Partnership Firm
  • Board Resolution in case of Company
  • Application with appointment for authorization for transactions with bank
  • Photocopy of land/building ownership/document. (lal purja)
  • Four Boundary Certificate ( Char Killa )
  • Blue Print Map of the proposed collateral land
  • Building construction approval from Municipality / VDC along with drawing plans (applicable where building is involved)
  • Land revenue tax (malpot receipt)
  • Income certifying document (salary letter, balance sheet, rental agreement etc)
*Condition applied

Everything you will need to get Shangri-la Foreign Employment Loan

Ready to open Shangri-la Foreign Employment Loan

The Process

  • Apply online

    Check that you’re eligible and what you need, then apply online.

  • Upload your documents

    Check that you’re eligible and what you need, then apply online.

  • Wait for approval

    Check that you’re eligible and what you need, then apply online.

  • Contact you nearest branch for further process

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FAQ

Shangri-la Foreign Employment Loan explained

Find the answers to frequently asked questions here.

This product can be availed for Purchasing of New Vehicles, Purchasing of Used Vehicles, and Purchasing of Commercial Vehicles

a Maximum of 80% of the value of the vehicle shall be provided as loan b Used vehicle shall be valuated by authorized valuator of the bank
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