Loan

Loans

The different loan offered by PACOS are:

• Agriculture Loan

• Business Loan

• Education Loan

• Hire Purchase Loan

• Foreign Employment Loan

Eligibility for Loan

• Borrower must have regular and stable source of income

• Borrower must be Pacos Member

• The collateral must be Building and Land.

• The borrower must have taken membership at least 3 months.

• The borrower must be 21 years of age and should not exceed 70 at the time of maturity of the loan.

Documents Required

Documents	Importance
2 Passport size photo of applicant and one passport size photo of guarantor	Required	Required
Photocopy of citizenship certificate of applicant and guarantor	Required	Required
Photocopy of Tax/PAN/VAT certificate and registration certificate	Not required	Required
Proof of Income related documents
Original Salary Certificate	Required	Not required
Photocopy of contract agreement between applicant and his/her employer	Required	Required
Photocopy of Rent Contract, if any	Required	Required
Land and/or building related documents
Original land ownership certificate (लालपूर्जा))	Required	Required
Original Blue Print of the land (नापी नक्सा)	Required	Required
Original copy of VDC/MUNICIPALITY Land tax	Required	Required
Original copy of restraint letter (रोक्का पत्र) from Land Revenue Office (मालपोत कार्यालय)	Required	Required
Photocopy of blue print of building approved from Municipality/VDC (नक्सा पास)	Required	Required
Photocopy of land Transfer Deed (राजिनामा, बकसपत्र, अंशवण्डा)	Required	Required
Original four Boundary Disclosure (चार किल्ला प्रमाणित) from ward office/municipality	Required	Required

Service charge

1% of service charge financed amount at the time of providing loan.

Parameters

Loan amount	Minimum: Rs. 5,000 Maximum: Rs. 5,000,000
Loan portion	Up to 70% of value estimated by valuator acceptable to the bank
Tenure	Minimum: 1 years Maximum: 5 years
First payment date	From the end of the subsequent month of initial drawn down.
Prepayment charge	No prepayment charge

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