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(Heavy Commercial)
| Purpose |
- To part finance chassis and bodybuilding of heavy commercial vehicle (for brand new vehicle).
- To part re-finance full body of heavy commercial vehicle. (for old vehicle)
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| Eligibility |
- Minimum age of the applicant to be 18 years in case the applicant himself drives the vehicle.
- Maximum age of the applicant not to exceed 55 years.
- Equated Monthly Installment (EMI) to be not > 75% of the net monthly income / cash flow (income generated by the vehicle).
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| Repayment |
Equated Monthly installment (EMI) |
| Tenure |
- Maximum 4 Years (for brand new vehicles)
- Vehicle (Bus/Trucks) not to be over 9 (nine) years by the time loan matures in case of refinancing.
- In case of vehicle financed by other Bank/Financial Institution, financing would be made for remaining tenure of loan amount with additional one year if requested by the applicant.
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(Private Car, Jeep, Pickup)
| Purpose |
Financing of private vehicle/s (car, jeep, pickup etc.) to be used for personal and own business purpose. |
| Eligibility |
- Self-employed professionals. (Doctors, Engineers, Chartered Accountants etc)
- Employees of corporate entities.
- Business establishments and owners, shareholders
- Any self-employed professionals or employer willing to sponsor for third party.
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| Repayment |
Equated Monthly installment (EMI) |
| Tenure |
Maximum of 5 years. |
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(Light Commercial "Taxi - CAB")
| Purpose |
Financing of Taxi – Cabs to be used for commercial purpose. |
| Eligibility |
- Permanent address/contact number in Kathmandu is a must.
- Those having additional source of income will be preferred.
Basic criteria
- Minimum age of the applicant to be 18 years (in case the applicant drives the taxi).
- Maximum age of the applicant or the sponsors to be 60 years.
- Equated Monthly Installment (EMI) to be not > 75% of the net monthly income/cash flow (income generated by the vehicle).
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| Repayment |
- Equated monthly installment (EMI).
- Repayment to be on 1 st day of each month of English Calendar.
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| Tenure |
Maximum of 5 years. |
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