Global Hire Purchase Loan

!! GIBL IME Hire Purchase loan enables you to purchase commercial vehicles such as heavy and light commercial vehicles especially truck, bus, microbus excavator etc.!!


  • Purchase of new vehicles
  • Purchase of Loan from other Bank or financial institutions
  • Financing of used vehicle

Features and Benefits
  • Competitive premium Rates for both private and commercial vehicle
  • Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis.
  • Fast approval process
  • Prompt services
  • Facility available in all branches
  • Provision to provide grace period op to six months
  • Flexible tenor: Up to 5 years
  • 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 use.
  • Sufficient income source to repay at the satisfaction of the Bank.
  • 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

Documents Required

  • 2 Passport size photo of applicant
  • Photocopy of citizenship certificate/passport of Applicant & guarantor
  • Photocopy of valid driving license (optional)
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate
  • Photocopy of Article of Association and Memorandum of Association
  • Photocopy of Land ownership certificate
  • Residence/business visit report

Proof of income
  • 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
Vehicle Related Documents
  • Quotation of chassis/vehicles from the dealer and from the body builder if body needs to build up
  • VAT bill of the vehicle

Refer to your nearest branches.


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