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

Purpose 
 

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

• 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

• 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

• 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 chassis/vehicles from the dealer and from the body builder if body needs to build up
• VAT bill of the vehicle