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Small Private Vehicle

To part finance and re-finance private vehicles (car, jeep, van, pick-up) to be used for personal or own business purpose.


  • Self-employed Professionals
  • Salaried Employees.
  • Business Establishments.
  • Any other individual having identified source of income e.g. lease, business, pension etc.

Age Criteria

  • Minimum age of the applicant - 18 Years (in case of vehicle for personal use).
  • Maximum age of the applicant - 65 years. However age should not exceed 70 years at the date of final repayment of the loan. Guarantor should be included if applicant’s age is above 55 years. The guarantor should not be over 65 years and should be from one house family member.

Loan Amount

  • Minimum loan amount - NPR 500,000/- (Nepalese rupees five hundred thousand only).
  • Maximum loan amount - NPR 10,000,000/- (Nepalese rupees ten million only).
  • Financing % :
    • New Vehicle Financing: 90% of the quoted value. In case of financing above 80% but up to 90% of the quoted value additional security in the form of real estate security (Land or Land & Building) or lien over cash or near cash security is required.
    • Refinancing (including Swap Case): maximum up to 80% of the valuation amount provided by the authorized vehicle dealer/assessor of the Bank.
    • Maximum 50% of the quoted value or valuation amount provided by the authorized vehicle dealer/assessor of the Bank, in case of vehicle loan to individual for personal use.


Maximum 8 years.


Equated Monthly Installment (EMI) over approved loan tenure.

Basic Documentation

  • Loan Application.
  • Pro-forma invoice from the dealer of the vehicle addressed in the name of the applicant stating the details of the vehicle (model, options etc.) and quoted price (in case of new vehicle). Valuation report from the authorized vehicle dealer/assessor of the Bank showing details of the vehicle (in case of refinancing).
  • Photograph and copy of citizenship of the applicant/sponsor/guarantor.
  • Map of the applicant’s/sponsor’s/guarantor’s residence.
  • Net worth statement of applicant/sponsor/guarantor, as applicable.
  • Vat bill from the dealer
  • Valid registration certificate and other related documents of business entity, as applicable.
  • Income statement or cash flow details of the applicant/sponsor/guarantor/business entity – proof for substantiation of the income to be submitted:
    • In case of salaried individuals
      • Certification of salary or salary statement, tax paid receipt from the employing organization/company.
      • Bank Statement, as applicable.
    • In case of self- employed professionals
      • Registration document from concerned professional association/council.
      • Details of income.
      • Bank Statement, as applicable.
    • In case of self- employed businessman
      • usiness Registration Document.
      • Income Tax Certificate.
      • Latest Audited Financial Statement
      • Bank Statement, as applicable.
    • In case of other sources
      • Latest lease payment receipt or agreements, title deed of property, as applicable.
      • Details of other lease income.
      • Pension slip, interest received statement etc.
      • Bank Statement, as applicable.
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