The product is designed to support the customers to own vehicle for personal use, vehicle and equipment for commercial purposes. We here at Salpa Bikas Bank is ready to be a part you to make your dream come true.

This product can be availed for :

- Purchasing of New Vehicles

- Purchasing of Used Vehicles

- Purchasing of Commercial Vehicles

Features:

- Maximum of 70% (or maximum up to as per the NRB Directives) of the value of the vehicle shall be provided as loan.

- Used vehicle shall be valued by authorized valuator of the bank

- Client should be at least of 18 years and should not be more than 70 years by the time loan terminates.

- Maximum tenure of loan shall be of 5 years

- In some instance land and building shall be taken as extra collateral

Benefits:

- Easy repayment plan matching with the income of the client

- Personalized service

- Quick processing and decision shall be obtained within 24 hours after complete submission of documents

- Easy documentation

Documentation:

- Passport size photograph (2 Copies) of Loan Applicant / (1 copy) of Guarantor

- Photocopy of Citizenship of Applicant / Guarantor

- Quotation of the new vehicle from authorized dealer

- Valuation report of used vehicle from authorized valuator

- Income certifying document (salary letter, balance sheet, rental agreement etc)

- Firm / company registration and PAN in case of business entity

- Partnership deed (for Partnership firm) / Board Resolution for Private / Public Company

- Net Worth statement of both borrower and guarantor/s.

- Relationship proof/certification document.

Charges and Interest Rate

Please visit our nearest branch for further information and to learn about charges and interest rate