Auto Loan

Civil Auto Loan

Purpose

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.

Features:

Loan Limit: Minimum NPR 0.3 mil to Maximum NPR 20.0 mil.

Repayment:

-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.

 

 

 

Documentation

Collateral/Security

-Registration of the vehicle in the name of bank.

-Personal guarantee of person(s) acceptable to the Bank shall be obtained.