Saral Banking Sewa

Nepal Bank Limited Auto Loan

Get Auto loan of up to Rs.10,000,000.00 at attractive rates starting at 9.39% p.a. with flexible tenures of up to 7 years. The processing fee varies between 0% and 0.75% of the loan amount.

Nepal Bank Limited Loan Details

+ up to 5%
Up to 0.75% One time fee
Up to Rs.10,000,000.00
Up to 7 Years

Nepal Bank Limited Loan Details

+ up to 5%
Up to 0.75% One time fee
Up to Rs.10,000,000.00
Up to 7 Years

Nepal Bank has offered Auto loan facility with variety of features and flexibility with in regulatory framework for the purchase new brand or second-hand vehicle to be used for personal/business use.

Eligibility Criteria

  • Any Nepalese citizen having 18 years at the time of loan origination
  • Individual having adequate, stable, steady and regular source of income to serve installment and interest.
  • Borrower should be women / women entrepreneurship firm (for Nepa- laxmi auto loan)
  • Borrower should be professional (for professional auto loan)
Purpose of loanLoan TermsFinancing Term
Purchase of New vehicle (private)2-7 YearsUp to 50% of quotation price (for personal use vehicle)
Up to 80% of quotation price (for electric vehicle)
Purchase of New vehicle (For business use)2-7 yearsUp to 65% of quotation price

1. Identification Related 

  • Personal identification of borrower and guarantors
  • Photograph of borrower and guarantor
  • Family details from concerned local authority.
  • Firm registration certificate (if business income)
  • PAN/VAT certificate (if business income)
  • Article of Association (AOA) and Memorandum of Association (MOA) (if required)
  • Partnership deed (if required)
  • Quotation of vehicle with details of price model, features etc.

 

2. Income Related 

  • Salary certificate with 6 month’s bank statement.
  • Appointment letter.
  • Probation completion letter.
  • Rental agreement with tenant identification (if required)
  • Rental tax receipt (if rent agreement)
  • Pension Patta (if required)
  • Audited financial statement and projected financial statement of business (if business income). Likewise, projected financial statements of concerned business up to loan tenure if loan is for business use
  • Tax clearance certificate/receipt of income
  • PAN of borrower for loan Rs.50 lakh and above

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.