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Consumer
Product Financing
 Aren’t
you tired of seeing your old furniture in your drawing
room, haven’t you seen them there since you were
little, weren’t you awed to see that magnificently
done house? Ever thought of replacing them with the latest
furniture? What about watching the latest movie in your
own home theatre? Need a laptop for your child who’s
undergoing a management degree?
We at KBL help you finance a range of consumer durables
and household equipments like televisions, furniture,
personal computers, music systems, air conditioner, microwave
ovens, refrigerator, washing machines, etc.
If you are a salaried individual, professional or an entrepreneur,
this is your opportunity to own all those stuff that will
add to your neighbors’ envy.
We finance up to 70% of the cost of a range of consumer
products.
All we need is proof of your income and/or reference/guarantee
from your employer/individual acceptable to us.
Depending on your income and your need, a loan of NPR
100,000.00 to NPR 500,000.00 can be availed of at a very
competitive rate of interest. Repayments are calculated
on an Equal Monthly Installment (EMI) basis that goes
easy on your monthly budget.
And the tenor is kept flexible to suit your need: you
can take between 12 to 24 months to repay. You also have
an option of prepaying your loan and all you will be charged
is a low 1% on the outstanding amount.
So, if you are 25 years (or more) of age or have been
in business for at least 2 years, walk in to our nearest
office and get a consumer product finance approved for
a nominal processing fee. We guarantee a decision on your
application within 48 hours of receipt of your completed
application.
Our credit & marketing officers will be pleased to
provide further information.
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Documentation
Salary Slip or proof / certificate(s) of income
for individuals |
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| Terms & Conditions |
| Monthly net savings in case
of self-employed individuals must be 5 times of
EMI.
Repayment period not to exceed Borrower's balance
/ tenor of service upto retirement in case of
Employees / Salaried Employees
As security, Hypothecation of assets financed
in bank's name is needed and personal guarantee
of employer in case of salaried individuals.
Assets being hypothecated should be insured against
theft, fire, earthquake, flood etc with a banker's
clause.
Repayment is to be made in Equal Monthly Installments
(interest + principal) not to exceed 75% of borrower's
net income in case Salaried / Self Employed Individuals.
A processing fee of 1% will be charged on the
Financed Amount. |
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