
Owning a new car, a pre-owned car which you have always dreamt of, is now easy. We offer you Auto Loan that would change your dreams to reality.
Now you no longer have to wait to own & ride your dream car. Press on the accelerator and drive away with the car that would define your lifestyle.
If you have always dreamt of owning your own commercial vehicle and make your transport related business more success, you are at the right place. Trust we offer Auto Loan for purchase of new commercial vehicles or refinance of used commercial vehicles to suit all your needs.
Purpose | Loan Amount | Loan Tenure | Financing Ratio |
New Vehicle (Private) |
Upto NPR 8 million |
Upto 7 Years |
Up to 50% of VAT Bill |
New Vehicle (Commercial) |
Upto NPR 8 million |
Upto 5 Years |
Up to 70% of VAT Bill and land and/or building with minimum 50% Distress Value covering the loan size. |
Used Vehicle (Private/Commercial) |
Upto NPR 3 million |
6 years but age of the vehicle should not exceed maximum seven years at the time of loan maturity |
Up to 50% of the value of vehicle at the time of valuation. |
Refinance (Terminating Line) |
Upto NPR 3 million |
Remaining tenure with BFIs st the time of takeover but age of the vehicle should not exceed maximum seven years from the date of registration or at the time of loan maturity |
Up to 50% of the value of vehicle at the time of valuation |
Particulars | Charges | ||||||||||||||||
Loan Administration Fee |
0.75% of the loan amount for Private Vehicle 1% of the loan amount for Commercial Vehicles |
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Commitment Fee |
1% of the unutilized limit |
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Prepayment Fee |
2% on amount prepaid if prepaid within a year and 1% on amount prepaid if prepaid after 1 year. 2% on outstanding in case the loan is taken over by other Banks or FIs. |
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Penal Charge |
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CIC Charge |
On Actual Basis |
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Late Payment Fee |
NPR 500 each in case of principal and/or interest default |
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.