Get Auto loan of up to Rs.8,000,000.00 at attractive rates starting at 8.36% p.a. with flexible tenures of up to 10 years. The processing fee varies between 0% and 0.75% of the loan amount.

Everest Bank Ltd. Loan Details

title

Everest Bank Ltd.

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Interest Rate

+ up to 7% p.a. over base rate

Loan Tenure

Up to 10 years

Loan Amount

Up to Rs.8,000,000.00

Processing Fee

0% - 0.75% of the loan amount
title

Everest Bank Ltd.

+ up to 7% p.a. over base rate
Interest Rate
Up to 10 years
Loan Tenure

Up to Rs.8000000

Everest Bank provides loan to purchase car / van / jeep/ Multi Utility Vehicles/ Sports Utility Vehicle (non-commercial purpose only) for individual and business concerns.

Eligibility Criteria

  • Gross monthly income (Self employed/Business/Salaried & Other income) of borrower along with that of spouse/other family members should be at least double of monthly installment of the loan.

 

CREDIT FACILITIESFIXED INTEREST RATES (in %)FLOATING INTEREST BAND
 REPAYMENT PERIOD 
 Upto 7 YearsUpto 10 yearsAbove 10 years 
Vehicle Loan11.02%12.02%–BR+2.50% to BR+5.00%
Loan Amount
  • For individuals: 30 times of Net Monthly income or loan amount whichever is lower
  • For business concerns: Need Based

Natural Person (for personal purpose)- not less than 50% of purchase price of vehicle

Electric Vehicle (for personal purpose)- not less than 20%(subject to NRB stipulation)

Registration of the vehicle in the name of the bank

Acceptable Collateral security

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

Disclaimer

Saral Banking Sewa is solely a  loan comparison site of Nepal. We just help you to find a perfect loan . For that our customer care team  is always ready to guide you with banking  process. We donot guarantee any kind of loan to a customer. And the loan shown here can be change any time.