Get Auto loan of up to Rs.15,000,000.00 at attractive rates starting at 9.63% p.a. with flexible tenures of up to 8 years. The processing fee varies between 0% and 1% of the loan amount.
Machhapuchhre Bank Limited Loan Details
Machhapuchhre Bank Limited
Up to 8 yearsLoan Tenure
Up to Rs.15000000
MBL has introduced a “Car loan” facility to finance individual customers as well as business units for the purchase of brand new or second-hand vehicles to be used for personal use.
- All Nepalese individuals and business unit registered in Nepal.
- The applicant must be at least 21 years of age (as per citizenship certificate) at the time of submission of loan application.
- The loan must be terminable before the applicant reaches the age of 70 years.
- In cases where salary income has been considered for the assessment of repayment capacity of the borrower, loan must be terminable before the age of retirement, or the borrower reaches 70 years of age, whichever occurs first.
- Loan can be approved in joint names (more than one borrower also). However, at least one of the borrowers must meet the above criteria. Only members of an undivided family can be joint borrowers.
- Business Units- must be registered in PAN/VAT and other competent authorities as per prevailing laws.
- Duly filled up and signed prescribed application form of MBL.
- Duly filled up and signed Multiple Banking Declaration form.
- 2 photographs of applicant, and guarantors with name and signature on the back.
- Copy of citizenship certificate of applicant, collateral owner/s and guarantors .