Our Vehicle Loan with its attractive features and simplicity in processing has been designed with a view to fulfill the dreams of professionals, self-employed, business executives and business houses/individuals who wish to own a vehicle of their own. Under this product, we provide loans facility to purchase new/used vehicles as well as for commercial purpose. It’s fast, convenient and hassle-free.


Who Can Apply? 

For Private Vehicles (Passenger Cars)
  • Permanent salaried individuals.
  • Professional consultants.
  • Retired individuals from civil services and British/Indian/Singapore police services.
  • Self-Employed businessmen.
  • Individuals whose income source is fixed (such as house rent)
 For Commercial Vehicles:
  • Different transport entrepreneurs.
  • Business houses, whose core business is transportation business (hiring vehicles to generate income) as well as vehicles required to support the business.
  • Individuals personally involved in the transportation business & having at least   two years of experience in this line holding driving license.
  • Schools/Colleges/Hospitals
Documents Required? 

Identification Documents
  • Citizenship certificate or Passport of applicants/joint applicants & guarantors
  • Personal net worth and family detail of applicants and guarantors
  • Family relationship certificate (if other documents not support to verify the relationship)
  • Completed loan application form 
Documents related with Vehicle
  • Quotation of the Vehicle
  • Copy of Bill Book (In case of second hand)
  • Copy of Insurance (In case of second hand)
  • Copy of route permit (In case of commercial vehicle)
 
Documents related with property to be mortgaged
  • Copy of land ownership certificate (Lalpurja)
  • Copy of land transfer deed (Rajinama)
  • Copy of latest land revenue receipt.
  • Original & copy of property location map (Blueprint)
  • Copy of boundary demarcation certificate (Char Killa Pramanit from ward office/VDC)
  • Original and copy of approved structure design (Naksa Pass) from Municipality or VDC.
  • Certificate of “Construction Completed” certificate (Nirman Sampanna) from concerned Municipality and or VDC in case of ready built house to be mortgaged.
 Eligibility Criteria
 
Documents related with Income Source


Salary Letter from the employer stating the Position, terms of employment (contract or Permanent), remaining tenure of service, total salary with all deductions and any liabilities to the employer if any. Proof of minimum 2 years continuous service is required.
Rental income Copy of Rent agreement signed by lesser and lessee in presence of witness. - If the property is to be let out or there exists very high potential of rent income from such property due to it’s location, expected future income can be considered for the purpose of providing additional comfort. If the property is on rent on rooms, the rental income can be considered.
Income from transport business Copy of bluebook (ownership)
Statement of income & expenses
Route permit
Commission income Agency certificate & certificate from the company showing total commission after TDS.
Medical Practitioners Certificate from Nepal Medical Council, Letter from the employer
Other professionals Self-declared income statement signed by applicant
Business Income Registration certificate
Tax/Vat registration certificate
Last two years audited financials; Mgmt. Prepared financials supported by Vat/Tax return.
High Net worth Individuals Bank account statements, copy of land ownership certificates, copies of blue book & other assets related documents
Agriculture Income Land ownership certificate & agriculture income declared by local authority