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Vehicle
Loan
 Do
you remember … the four-wheeler that you always
dreamt of owning? Don’t you always imagine the thrill
of owning that dream machine?
If you are a salaried individual, professional or an entrepreneur,
this is your opportunity to get behind that wheel.
We finance up to 80% of the cost of the vehicle that is
new or will be less than 7 years old at the time of final
maturity of the loan.
All we need is proof of your income and/or reference/guarantee
from your employer/individual acceptable to us.
Depending on your income and the car you choose to buy,
a loan of NPR 300,000.00 to NPR 5,000,000.00 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 a minimum of 12 months or a maximum of 60 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 an auto loan 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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| Terms &
Conditions |
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Registration of the vehicle will be
in the Bank's name |
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Bank reserves the right to call for additional
Registered Mortgage over land and / or building. |
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First Repayment Date is from the subsequent month
of initial drawdown |
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Repayment is to be made in Equal Monthly Installments
(Interest + Borrowings) which will not exceed 50%
of the borrower's monthly earnings. |
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