Vehicle Loan


Super Chamatkarik Sawari Karja is the new product that aims at supporting the customer to “move in style” by owing a vehicle of own choice for following purposes:

  • Purchase of new Red-Plated Private Vehicle
  • Purchase of new Red-Plated Business Use Vehicles
  • Purchase of Second Hand/Used Vehicle (Red plated Private Vehicles only)

Features:

 For New Red-Plated Private Vehicle

Particulars

Features

Facility Type

Term Loan

Eligibility

Minimum 20 years (at the time of application) and a maximum of 70 years at the time of maturity.

Loan amount

Minimum NPR 0.5 million to maximum NPR 20 million

Loan Tenure

Minimum 1 year to maximum of 15 years (*)

Interest Rate

8.25% p.a. (interest rate locked for first 1 year)

 

 

Note:

After the 1st year interest rate shall be then base rate and premium equaling 8.25%, in case the base rate after one year is more than 8.25% then the interest rate shall be equal to the base rate.

Admin Fee

0.25% p.a.

Prepayment/Partial Settlement/SWAP Charge

NIL

Bank Finance

Petrol/ Diesel Vehicle - Up to 50% of the VAT bill

Electric vehicle -  Up to 80% of VAT bill

(*) Note: Other Terms and Conditions shall be applicable as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.

 

For Red-Plated Business Use Vehicles

Particulars

Features

Facility Type

Term Loan

Loan amount

Minimum NPR 0.4 million to maximum NPR 20 million

Loan Tenure

Minimum 1 year to a maximum of 15 years (*)

Interest Rate

8.25% p.a. (interest rate locked for first 1 year)

Note:

After the 1st year interest rate shall be then base rate and premium equaling 8.25%, in case the base rate after one year is more than 8.25% then the interest rate shall be equal to the base rate.

Admin Fee

0.25% p.a.

Prepayment/Partial Settlement/SWAP Charge

NIL

Bank Finance

Up to 80% of the VAT bill

(*) Note: Other Terms and Conditions shall be applicable as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.

 

 

 For Second Hand/Used Vehicle (Red plated Private Vehicles only)

 

Particulars

Features

Facility Type

Term Loan

Eligibility

Minimum 20 years (at the time of application) and a maximum of 70 years at the time of maturity.

Loan amount

Minimum NPR 0.4 million to maximum NPR 10 million

Loan Tenure

Minimum 1 year to maximum 10 years (*)

Age of Vehicle

Should not exceed 15 Years (*) at the time of loan maturity from the date of initial registration.

Interest Rate

8.25% p.a. (interest rate locked for first 1 year)

Note:

After the 1st year interest rate shall be then base rate and premium equaling 8.25%, in case the base rate after one year is more than 8.25% then the interest rate shall be equal to the base rate.

Admin Fee

0.25% p.a.

Prepayment/Partial Settlement/SWAP Charge

NIL

Bank Finance

Maximum of 50% of purchase price or independent valuation report whichever is lower.

(*) Note: Other Terms and Conditions shall be applicable as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.

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