02/07/2026
Beware When Taking Loans from Banks in Nepal: If you are planning to take out a loan, please proceed with caution.
Banks may initially assure you that you will be eligible for the loan amount you expect based on your property valuation report and income. However, after paying the valuation fee (which can be around Rs. 50,000) and spending considerable time and money completing all the required procedures, you may ultimately receive a lower loan amount than expected or even face rejection despite earlier assurances.
At the final stage, additional concerns may be raised that reduce your eligibility or affect the approved amount. This can create further financial pressure if you need to apply for an additional loan in the future, resulting in more fees and administrative costs.
Furthermore, bank swaps can be risky and may lead to significant extra expenses. The processes of rokka and fukkawa can also be expensive and time-consuming. For loan amounts exceeding Rs. 1 crore, the rokka fee at the Land Revenue Office (Malpot) may be around Rs. 50,000. If you transfer or swap your loan multiple times, you may have to bear these costs repeatedly.
In some cases, borrowers may experience delays in obtaining timely assistance for rokka and fukkawa procedures, which can increase costs and create unnecessary inconvenience.
Many bank managers may assure you that they will support your loan application and offer flexible interest rates. However, it is important not to rely solely on verbal commitments. In some cases, banks charge an initial loan processing fee of around 0.75%, even though the final approved amount or terms may differ from what was discussed earlier. Always obtain written confirmations, carefully review all fees and conditions, and make informed decisions before proceeding with any loan arrangement.
