Overview

Our Hire Purchase Loan product is tailored financing solution to support you/your business to acquire commercial vehicle/assets to invest in long-term assets with manageable costs while spreading the payment over an agreed term.  Whether you're purchasing commercial vehicle (trucks, bus, microbus, excavators etc) or refinancing an existing loan, Global Ime Bank is here to help you drive away with confidence

Features

Competitive interest rate

Flexible repayment terms

Quick approval process

Branches available throughout the country (77 districts) 

Moratorium options

Flexible tenure: Up to 5 years

Counseling to help better financing by our Relationship Managers throughout the process

Eligibility

  • Individual - Nepalese Citizen above 21 years. Salaried individual, self-employed persons, Company/firm having sufficient income and cash flow to serve debt.
  • Company (Pvt./Public)/Proprietorship/Partnership (duly registered with the concerned government authority) proposing to use vehicle for personal/private use.
  • Sufficient income source to repay at the satisfaction of the Bank.
  • Purchase of loan is subject to the satisfactory debt servicing to other Banks/FIs
  • EMI/ EQI: 50% of gross income
  • EMI/ EQI: 80% of uncommitted (disposable) income

Terms & Conditions

  • Nepalese Citizen above 21 having a stable source of income to serve the debt obligations.
  • Company (Pvt./Public)/Proprietorship/Partnership (duly registered with the concerned government authority) proposing to use vehicle for personal/private/commercial use.
  • The loan amount is typically maximum 50% of the quoted price / VAT bill for fuel based vehicle and 80% for electric vehicle.
  • Financing for used vehicle (upto 3 years old/used vehicles) will not exceed 50% of market value in case of natural person or not exceeding 70% of market value in case of legal entity. 
  • The loan repayment period can range from 1 to 5 years on EMI/EQI/ballonning basis.
  • Proposed vehicle to be secured with comprehensive insurance policy
  • Failure to repay the loan on time may result in the seizure of vehicle or legal action.

Required Documents

Frequently Asked Questions

Customer Support / Call Centre
We're here to help. For any questions or support, please call our customer care centre - Global Connect.
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