Logo
  • Xnix/Line/Notification
    5

Login

Auction

personal

GIBL Auto Loan

With its simple documentation process coupled with our speed of delivery and flexibility, you can drive your vehicle today itself- be it brand new or

Our Auto Loan with its all-inclusive features is the ultimate solution to your financing requirements. With its simple documentation process coupled with our speed of delivery and flexibility, you can drive your vehicle today itself- be it brand new or used.

Purpose

  • Purchase of New Vehicle.
  • Purchase of loan from other Bank/ Financial Institutions.
  • Financing on used vehicles.
     

 

Features

Picture of the author
Competitive Premium rate.
Picture of the author
Fast approval process.
Picture of the author
Facility available in all branches.
Picture of the author
Flexible tenor: Up to 7 years.
Picture of the author
Financing up to 50% of vehicle price (80% incase of electric vehicle).
Picture of the author
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/commercial use.
  • Sufficient income source to repay at the satisfaction of the Bank.
  • Any person other than owner/authorized person/executive of the firm/company shall not authorize to avail by auto loan on behalf of the firm/company.
  • 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.
     

Documents required

 Identification

  • 2 Passport size photo of applicant
  • Photocopy of citizenship certificate/passport of Applicant & guarantor
  • Photo of vehicle to be obtained before implementation of loan
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate
  • Photocopy of Article of Association and Memorandum of Association
  • Photocopy of Land ownership certificate if required
  • Residence/business visit report

 
        Proof of Income

  • Salary Certificate
  • Photocopy of contract agreement between applicant and his/her employer
  • Photocopy of Rent Contract if any
  • Photocopy of audited Financial Statements in case Firm /Company’s income is considered
  • Self-declared of income
  • Others if any

        Vehicle Related Documents

  • Quotation of vehicles.
  • VAT bill of the vehicle.

 

 

Others

  • Loan application firm duly filled and signed in standard format of the Bank.
  • Name of the family members.
  • Current account of the applicant / borrower.
  • In case of purchase of loan, loan statement from other banks and financial institution.
  • Net worth declarations if required.
  • Multiple banking declaration.
  • Other documents stipulated by the Banks from time to time.

 

Do you want to start application for Auto Loan?

Smarter

Ways To Bank

Bank anytime, anywhere with our services