Saral Banking Sewa

Nmb Bank Auto Loan

Get Auto loan of up to Rs.5,000,000.00 at attractive rates starting at 9.81% p.a. with flexible tenures of up to 7 years. The processing fee varies between 0% and 0.75% of the loan amount.

NMB Bank Loan Details

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

NMB Bank Loan Details

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

NMB Bank is providing Auto loan for Nepali people of age 25-65 having steady income.

Features

Loan Amount

  • Up to NPR 10,000,000 for private use
  • In case of commercial vehicle, maximum amount of NPR 5,000,000 can be availed.

Loan Tenure

  • Loan tenure up to 7 years for purchase of new vehicle.

Repayment Method

  • Equated Monthly Installment (EMI) based

Loan Approval time

  • Within five working days after receiving all the documents.

Loan to Value Ratio

  • Up to 50% of the cost of the vehicle
  • Up to 80% of the cost of the vehicle (electric vehicles)

 

Eligibility Criteria 

Age25-65 years
Profession
  • Salaried Individuals
  • Self-employed professionals
  • Businessmen
NationalityNepali

Along with the Auto loan application you will need to provide the following list of documents to process the loan at the earliest.

  1. Identification Documentation
    • Photograph and copy of citizenship of the applicant/sponsor/guarantor.
    • Net worth statements of applicant/guarantor/sponsor.
    • Details of the vehicle –pro-forma invoice, etc.
    • Map of the applicants’/sponsor’s/guarantor’s residence.
    • Copy of Individual PAN certificate (where applicable)

2. Income related documents

For salaried individuals

  • Bank Statement, as applicable.
  • Latest two salary slips (if any).
  • Salary certificate from the employed organization/company (not older than 3 months).

For self-employed professionals

  • Certificate of registered professional.
  • Detail of income source/ profession.
  • Proof of last 3 years of continuous practice (if any).
  • Bank Statement, as applicable.

For business person

  • Latest audited financial statement as per prevailing Company/Tax Act of Nepal.
  • Bank Statement, as applicable.
  • Certificate of Incorporation (in case of organization)
  • Valid Firm/Company registration certificate.
  • MOA/AOA, Share Lagat, partnership deed (as applicable)
  • Recent tax paid receipt.

For other sources

  • Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.
  • Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.
  • Pension slip, interest received statement etc.
  • Bank Statement, as applicable.
  • Other verifiable income.

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.