Target Customer

  • Any Nepalese Individuals of middle and upper middle class income group with regular, adequate, steady and stable source of income

Purpose

  • It shall be provided to an Individual or a group of maximum two individuals of the same family to cover cost of personal vehicle

Basic Eligibility Criteria

  • Applicant must have reliable and steady source of income to serve the loan installment

Loan Limit

  • May differ on case to case basis; depending on the applicant’s loan repayment capacity, the bank may finance up to 80% of the cost of the vehicle

Loan Tenure

  • On the basis of loan amount and loan repayment capacity. The maximum loan tenure will be for 8 Years

Loan Repayment

  • On Equal Monthly Installment (EMI) basis

helpful documents

ID related documents:

Citizenship Certificate of Applicant

Two Passport size photographs


If income shown is from Business

Firm/Company Registration/PAN/VAT Registration

Article of Association/Memorandum of Association

Partnership Deed

Tax Clearance Certificate/Tax payment Receipt


Income Source related documents:

Salary Certificate

Rental agreement (if any) with identification of tenant

Profit and Loss Account/Balance Sheet for two Fiscal Years (if business income)


Besides above documents, additional documents may be required on case to case basis as required by the bank management

FAQs

  • FAQ for this section is coming soon

Expression of Interest Section