This Auto Loan is designed for financing the purchase of vehicles (car, jeep etc.) for personal purpose to the individuals having identifiable and stable income sources.
Major Highlights:
| Loan Limit | NPR
1 Million – up to Single Obligator Limit (SOL) |
| Loan Tenure | The maximum tenure is 10 years from the date
of disbursement. |
| Repayment | Loan is to be repaid on
Equated Monthly Installment (EMI) basis. |
| Financing | The total financing should not exceed 50% of
the total purchase cost for the vehicle. In case of second hand vehicle,
financing cost should not exceed 50% of valuated cost. The Total financing should not exceed 80% of
the total purchase cost for Electric Vehicles (EVs) only. |
| Eligibility | Employed and self-employed professionals
(Doctors/ Engineers/ Bankers /CAs /Teachers etc.) and other individuals having
reliable and stable source of income. |
| Basic
Document | The applicant should provide at least the
following documents before initiating the credit proposal.
|
Fd Rates
Product Comparison
Fixed Deposits
9.00%
Less Than 2 Cr
Individual Deposit (2 Yrs < 30 Mth)9.00%
Less Than 2 Cr
Individual Deposit (2 Yrs < 30 Mth) More Rates Open Fixed Deposite