This Hire Purchase Loan is designed to finance the purchase of
public/commercial vehicles for business purpose having sufficient income
sources. The loan is availed to individuals or registered firms.
Major highlights:
| Loan Limit | NPR
0.3 Million – up to Single Obligator Limit (SOL) |
| Loan
Tenure | New
Public vehicle: The
maximum time period is 8 years |
| Repayment | Loan is to be repaid on
Equated Monthly Installment (EMI) basis. |
| Financing | The total financing should not exceed 75% of
the total purchase cost in the case of purchase of New Vehicle. In case of Second Hand Vehicle, financing
should not exceed 70% of total valuated price. |
| Eligibility | Other firms and individuals
having proposed vehicle income or alternative source of income. |
| Basic
Document | The applicant should provide at the following
documents.
|
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