Introduction
An auto loan is provided for purchase of vehicles for either personal use or commercial use. The limit of financing shall be as per NRB Directive.
Financing available for
- Personal car financing
- Used Personal Car financing
- Taxi Financing
- Commercial vehicle financing.
- Vehicle for Business use.
Benefits
- Competitive interest rates.
- Quick Processing Time.
- Easy documentation.
- Personalized service.
Features
- Up-to 80% of financing (Depends upon nature of vehicles)
- Flexible loan Tenure (Maximum up to 8 years (depends upon nature of vehicles)
Required Documents
- Copy of Citizenship
- PP size Photograph (applicable for all).
- Copy of Quotation of the Vehicle for New Vehicle.
- Valuation Report from Bank’s approved Valuers for used Private Vehicle.
- Salary Certificate (for salaried employees).
- Certified Statement of Income (for professionals).
- Contracts/ Agreements (for individuals with fixed Income Sources).
- Registration Document at the concerned Nepal Government Office and Tax Office (for firms/companies).
- Memorandum of Articles and Association (if Private Limited).
- Partnership Deed (for Partnership firm).
- Board Resolution (if Private Limited and Institutions).
- At least 2 years past audited financials for business income.