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Auto Loan NIC Asia Bank
Easy Auto Loan in Nepal

 

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.

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.

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.

Helpdesk - NIC Asia Bank Helpdesk - NIC Asia Bank

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