Civil Auto Loan
To purchase vehicle for Private and Commercial use (New and Used Vechiles).
Basic Eligibility Criteria:
To all Nepalese Citizen above 18 years having steady and reliable source of income to pay the loan installments.
Loan Limit: Minimum NPR 0.3 mil to Maximum NPR 20.0 mil.
-Maximum upto 7 years for fresh Vehicles.
-Maximum upto 4 years used vehicles (However the age of the used vehicles should not exceed 10 years at loan maturity.)
Insurance: Comprehensive policy as per banks' clause.
Rates & Fees:
Interest Rate: Competitive rate and charges.
-Registration of the vehicle in the name of bank.
-Personal guarantee of person(s) acceptable to the Bank shall be obtained.