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Vehicle Loan

Vechicle loan.

Purpose

  • Financing on vehicle for personal or business use

Features

  • Financing Ratio: As per NRB directives ( currently, maximum 50% of value for personal use)
  • Nature: Non Revolving and non-renewable
  • Disbursement: The loan shall be disbursed as a Term Loan.
  • Principal Repayment: Equated Monthly/Quarterly installment
  • Interest Repayment: On installment payment date.
  • Tenure: Maximum 7 years
  • Security: The proposed vehicle and other additional security (Land, building etc.) on case to case basis and other intangible securities.

Quick & Easy Access