
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