L O A D I N G

Get Auto loan of up to Rs.8,000,000.00 at attractive rates starting at 8.77% p.a. % p.a. with flexible tenures of up to 7 years. The processing fee varies between 0.5% and 0.75% of the loan amount.

title

Nabil Bank Loan Details

+ up to 7%
Up to 0.75% One time fee
Up to Rs.8,000,000.00
Up to 7 years
title

Nabil Bank Loan Details

+ up to 7%
Up to 0.75% One time fee
Up to Rs.8,000,000.00
Up to 7 years

Cars have become a necessity as the developing times have made us more mobile and there is nothing that surpasses the comfort and security of traveling in your own car. Nabil Auto Loan makes owning a car effortless by providing a competitive interest rate, requiring easy documentation and quick loan disbursal. Now owning a car doesn’t require years of planning and saving. Just choose the best car for yourself and we will help you in making it your own.

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

What You'll Love

  • Flexible loan tenure of up to 7 years
  • Quick loan processing with simplified documentation
  • Equated Monthly Installment (EMI) based loan
  • Interest is charged on the reduced principal outstanding
  • Personal counseling throughout the process
  • Customized and flexible financial solutions
  • Loan processing from wide range of branch networks

Fees & Charges

  • Loan Administration Fee= 0.75% of the loan amount
  • Commitment Fee= 0.15% of the unutilized limit
  • Prepayment Fee within 2 years from the date of disbursement= 0.75% of the prepaid amount
  • Prepayment Fee from 2 to 5 years from the date of disbursement= 0.375 of prepaid amount
  • Prepayment Fee after 5 years from the date of disbursement= 0.15% of prepaid amount

Preview of Loan 

PurposeLoan AmountLoan TenureFinancing Ratio
New Vehicle (Private)Up to NPR 8 millionUp to 7 YearsUp to 50% of VAT Bill
New Vehicle (Commercial)Up to NPR 8 millionUp to 5 YearsUp to 70% of VAT Bill and land and/or building with minimum 50% Distress Value covering the loan size
Used Vehicle (Private/Commercial)Up to NPR 3 million6 years but the age of the vehicle should not exceed a maximum of seven years at the time of loan maturityUp to 50% of the value of the vehicle at the time of valuation
Refinance (Terminating Line)Up to NPR 3 millionRemaining tenure with BFIs st the time of takeover but age of the vehicle should not exceed a maximum of seven years from the date of registration or at the time of loan maturityUp to 50% of the value of the vehicle at the time of valuation
Electric VehicleUp to 8 millionUp to 7 yearsUp to 80% of VAT bill
Semi Commercial VehicleUp to NPR 5 millionUp to 6 yearsUp to 70% of VAT bill

 

  • 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).

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.