!! Our Auto Loan with its all-inclusive features is the ultimate solution to your financing requirements. With its simple documentation process coupled with our speed of delivery and flexibility, you can drive your vehicle today itself- be it brand new or used. !!

Purpose

• Purchase of New Vehicle.
• Purchase of loan from other Bank/ Financial Institutions.
• Financing on used vehicles.

• Competitive Premium rate.
• Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis.
• Fast approval process.
• Prompt services.
• Facility available in all branches.
• Flexible tenor: Up to 7 years.
• Financing up to 50% of vehicle price (80% incase of electric vehicle).
• Counseling to help better financing by our Relationship Managers throughout the process.

• Individual - Nepalese Citizen above 21 years. Salaried individual, self-employed persons, Company/firm having sufficient income and cash flow to serve debt.
• Company (Pvt./Public)/Proprietorship/Partnership (duly registered with the concerned government authority) proposing to use vehicle for personal/private/commercial use.
• Sufficient income source to repay at the satisfaction of the Bank.
• Any person other than owner/authorized person/executive of the firm/company shall not authorize to avail by auto loan on behalf of the firm/company.
• Purchase of loan is subject to the satisfactory debt servicing to other Banks/FIs.
• EMI /EQI:50% of gross income.
• EMI/ EQI: 80% of uncommitted (disposable) income.

• 2 Passport size photo of applicant
• Photocopy of citizenship certificate/passport of Applicant & guarantor
• Photo of vehicle to be obtained before implementation of loan
• Photocopy of Tax/PAN/VAT certificate along with registration certificate
• Photocopy of Article of Association and Memorandum of Association
• Photocopy of Land ownership certificate if required
• Residence/business visit report

• Salary Certificate
• Photocopy of contract agreement between applicant and his/her employer
• Photocopy of Rent Contract if any
• Photocopy of audited Financial Statements in case Firm /Company’s income is considered
• Self-declared of income
• Others if any

• Quotation of vehicles.
• VAT bill of the vehicle.

• Loan application firm duly filled and signed in standard format of the Bank.
• Name of the family members.
• Current account of the applicant / borrower.
• In case of purchase of loan, loan statement from other banks and financial institution.
• Net worth declarations if required.
• Multiple banking declaration.
• Other documents stipulated by the Banks from time to time.