Home >> Products & Sevices >> Loans and Advances >> Auto Loan

Products & Services

Auto Loan

With the aim to enhance your automobile experience, we have brought Auto Loan scheme with varieties of financing options with simple process and minimum turnaround time. You just need to step inside to make your dreams come true. Information that you need to know to make your decision is mentioned below.


 Product Purchase Options
  • New private vehicle
  • Used private vehicle

Financing option
  • Financing up to 70% of the invoice value

Interest Rate/Other Fees
  • Interest: 10.49% p.a for new private vehicle
  • Processing fee: 1 %
  • Documentation fee: Rs. 5000

Tenor/Maturity
  • Maximum 5 years
  • For used vehicle, vehicle age not to exceed 8 years at maturity

Documents Required
  • Copy of Citizenship (mandatory for Nepalese) or Passport (for foreigners) - Applicable for all
  • PP size photograph (applicable for all)
  • Copy of quotation of the vehicle for new vehicle
  • At least one valuation report from Bank's approved automobile valuators for used private vehicle
  • Salary Certificate for salaried employees
  • Certified Statement of Income for self-employed professionals
  • Contracts/ Agreements for individuals with fixed Income Sources such as lease agreements
  • Registration document at the concerned Nepal Government Office and Tax Office for firms/companies
  • Memorandum of Articles and Association (For Private Limited Companies )
  • Partnership deed (for Partnership firm)
  • Board Resolution (For Private Limited and Institutions)