Get Auto loan of up to Rs.8,000,000.00 at attractive rates starting at 8.22% p.a. with flexible tenures of up to 7 years. The processing fee varies between 0% and 0.75% of the loan amount.

Nabil Bank Loan Details

title

Nabil Bank

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Interest Rate

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

Loan Tenure

Up to 7 years

Loan Amount

Up to Rs.8,000,000.00

Processing Fee

0% - 0.75% of the loan amount
title

Nabil Bank

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

Up to Rs.8000000

Nepal Bank Limited provides car loan for the purchase of a new cars. Nepal bank Car loan is an exclusive financing option to “move in style” by owning a vehicle of your own choice. It aims to support you as our esteemed customer to procure a new car with a comfortable Equated Monthly Installment (EMI) payment option.

Eligibility Criteria

  • Age of applicant/co-applicant should be minimum 21 years at the time of loan origination and maximum age at the time of loan maturity can be 65 years.
  • All individuals having sufficient level of income to repay EMIs.
  • Salaried individual - Should be in permanent service.
  • Self Employed individual – Business should be at least 2 years in commercial operation.
  • Registered and Unregistered transport operators-List of owned vehicles along with renewed blue book copies

Documents

  • Photograph (2 copies each)
  • Citizenship and/or Passport
  • Salary certificate
  • Latest tax paid receipt or tax clearance certificate for all income (where ever applicable)

Fees & Charges

  • Prepayment Fee :0.15% prepayment charge on prepaid amount for loan above 50 lacs.
  • Loan Administration Fee :0.75% of the financed amount shall be charged upfront at the time of submission of loan application and refunded if loan is rejected.
  • Commitment Fee : 0.15% of the unutilized limit
Other Documents
  • Photocopy of Registration Certificate (firm).
  • Photocopy of Tax/PAN/VAT certificate (firm).
  • Original Salary Certificate not more than 10 days old (Salaried).
  • Photocopy of Rent Contract ( Salaried and Self-employed).
  • Photocopy of Financial Statements (Past 2 years) ( Self-employed and firm).
  • Original Quotation of vehicle and from the body builder if body needs to be built up.
  • Photocopy of Land ownership certificate (Lalpurja) (Self-employed and salaried).
  • Photocopy of Memorandum and Articles of Association (firm).
  • Original Invoice of Used car showroom / certified copy  (For used vehicles only).
  • Valuation report of vehicles from valuators (For used vehicles only).
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.