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Auto Loan
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NIC ASIA Auto loan is an exclusive financing option to “move in style” by owing a vehicle of your own choice. It aims to support you as our esteemed customer to procure any type of four-wheeler and above vehicle with a comfortable Equated Monthly Installment (EMI) payment option.
The scheme incorporates vehicle loan up to 80% and is available with a simple and hassle-free loan processing system. To enhance and upgrade the customer’s automobile experience, there are varieties of auto loan facilities.
For more information/inquiries, please contact the nearest branch or type “AUTO” and send SMS to 34488.
Some of the basic documents required for processing the loan are:
- Identification Documents: Citizenship certificate, Passport copy, Photograph, Marriage certificate, Relationship certificate (where applicable)
- Income source verification documents
- Quotation price of vehicle
- Bank account statements
- Net worth detail document (where applicable)
- Firm/Company Registration Certificate (if applicable)
- PAN/VAT Certificate (If applicable)
- Audited financials of last 2 fiscal years (For business income)
- Blue book of existing vehicles
- All related documents regarding collateral/security
*All documents need to be original signed and verified through bank's officials. Further, the Bank can request for additional documents, where deemed necessary.
Features
Auto Loan – Red Plated Private Vehicle:
| Particulars | Features |
| Purpose | To purchase/finance four-wheeler Red-Plated Private Vehicle. |
| Facility Type | Term Loan. |
| Eligible | Minimum Age : 20 Years. Maximum Age : 70 Years at loan maturity. |
| Loan amount | Minimum : NPR. 5 Lakh. Maximum : NPR. 2 Crore. |
| Loan Tenure | Maximum 15 Years*. |
| Bank Financing | Petrol/ Diesel Vehicle - Up to 50% of the VAT bill. Electric vehicle - Up to 80% of VAT bill. |
| Interest Rate | Competitive Interest Rate. Click Here |
| Fees and Charges | As per Bank Charges. Click Here |
* Note: Other Terms and Conditions shall be as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.
Some of the basic documents required for processing the loan are:
- Identification Documents: Citizenship certificate, Passport copy, Photograph, Marriage certificate, Relationship certificate (where applicable)
- Income source verification documents
- Quotation price of the vehicle
- Bank account statements
- Net worth detail document (where applicable)
- Firm/Company Registration Certificate (if applicable)
- PAN/VAT Certificate (If applicable)
- Audited financials of the last 2 fiscal years (For business income)
- Blue book of existing vehicles
- All related documents regarding collateral/security
*All documents need to be original signed and verified through bank's officials. Further, the Bank can request for additional documents, where deemed necessary.
Auto Loan - Red Plated Business Use Vehicle:
| Particulars | Features |
| Purpose | Financing Red-Plated Vehicles for a business purpose of self-owned business like-companies, proprietorship, and partnership firms in the name of business entities. |
| Facility Type | Term Loan. |
| Eligible | Business Operation should be at least 2 years from the date of establishment for firm/companies. |
| Loan amount | Minimum : NPR. 4 Lakh. Maximum : NPR. 2 Crore. |
| Loan Tenure | Maximum Up to 15 Years* . |
| Bank Financing | Up to 80% of the VAT bill. |
| Interest Rate | Competitive Interest Rate. Click Here |
| Fees and Charges | As per Bank Charges. Click Here |
* Note: Other Terms and Conditions shall be as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.
Auto Loan - Red Plated Semi- Commercial Vehicle
| Particulars | Features |
| Purpose | Financing Red-Plated Vehicles in the name of an individual for the purpose of income generation, renting and leasing to other registered firms. |
| Facility Type | Term Loan. |
| Eligible | Minimum Age : 21 Years. Maximum Age : 70 Years at loan maturity. |
| Loan amount | Minimum : NPR. 4 Lakh. Maximum : NPR. 2 Crore. |
| Loan Tenure | Maximum Up to 6 Years. |
| Bank Financing | Up to 50% of the VAT bill. |
| Interest Rate | Competitive Interest Rate. Click Here |
| Fees and Charges | As per Bank Charges. Click Here |
* Note: Other Terms and Conditions shall be as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.
Auto Loan - Green Plated Vehicle
| Particulars | Features |
| Purpose | To purchase/finance Green Plated Vehicle. |
| Facility Type | Term Loan. |
| Eligible | Business Operation should be at least 2 years from the date of establishment for firm/companies. |
| Loan amount | Minimum : NPR. 4 Lakh. Maximum : NPR. 2 Crore |
| Loan Tenure | Maximum Up to 7 Years |
| Bank Financing | Maximum Up to 80% of the VAT bill. |
| Interest Rate | Competitive Interest Rate. Click Here |
| Fees and Charges | As per Bank Charges. Click Here |
* Note: Other Terms and Conditions shall be as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.
Auto Loan - Black Plated Commercial Vehicle
| Particulars | Features |
| Purpose | To purchase/finance/ body building of Black Plated Commercial Vehicle. |
| Facility Type | Term Loan. |
| Eligible | For Business: Business Operation should be at least 2 years from the date of establishment for firm/companies. Maximum Age : 70 Years at loan maturity. |
| For Natural Person: Minimum Age Criteria : 21 Years for Taxi Financing and 25 Years for other types of vehicle financing. Maximum : 65 Years at the time of the loan maturity. |
|
| Loan amount | Minimum : NPR. 4 Lakh. Maximum : NPR. 3 Crore*. |
| Loan Tenure | Taxi Financing : Maximum up to 7 Years. Others: Maximum up to 5 Years. |
| Bank Financing | Maximum Up to 50% of the VAT bill*. |
| Interest Rate | Competitive Interest Rate. Click Here |
| Fees and Charges | As per Bank Charges. Click Here |
* Note: Other Terms and Conditions shall be as per the Bank’s Policy. In addition, to the above-mentioned parameters, the Bank can analyze other details too, where deemed necessary.
Auto Loan - Second Hand Vehicle Financing
| Particulars | Features |
| Purpose | To finance second hand Red Plated Private Vehicle and Taxi. |
| Facility Type | Term Loan. |
| Eligible | Age of Applicant: minimum 20 Years and maximum 70 Years at loan maturity |
| Age of Vehicle | For Red Plated Private Vehicle: Should not exceed 15 Years* at the time of loan maturity from the date of Initial registration. |
| For Taxi: Should not exceed 10 years at the time of loan maturity from the date of Initial registration. |
|
| Loan amount | Minimum : NPR. 4 Lakh. Maximum : NPR. 2 Crore. |
| Loan Tenure | For Red Plated Private Vehicle: Maximum up to 10 Years*. |
| For Taxi: Maximum up to 5 Years. |
|
| Bank Financing | Maximum Up to 50% of purchase price or independent valuation report, whichever is lower. |
| Interest Rate | Competitive Interest Rate. Click Here |
| Fees and Charges | As per Bank Charges. Click Here |
* Note: Other Terms and Conditions shall be 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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२४ सर्वश्रेष्ठ सुविधाका साथ एन आई सी एशिया बैंक प्रस्तुत गर्दछ, सर्वश्रेष्ठ बचत तथा मुद्दती खाता ।
अब एउटै खातामा प्राप्त गर्नुहोस्, ८४ लाख रूपैयाँसम्मको बीमा सम्बन्धी फाइदाहरू, ३ कर्जा सम्बन्धी फाइदाहरू र १८ अन्य सर्वश्रेष्ठ फाइदाहरू ।
