Logo
  • Xnix/Line/Notification
    5

Login

Auction

personal

Global Hire Purchase Loan

Global IME hire Purchase loan enables you to purchase commercial vehicles such as heavy and light commercial vehicles especially truck, bus, microbus

Global IME hire Purchase loan enables you to purchase commercial vehicles such as heavy and light commercial vehicles especially truck, bus, microbus excavator etc. Under this product, loan facility is provided to purchase new or used vehicles for commercial purpose.

 

Purpose 

  • Purchase of new vehicles
  • Purchase of Loan from other Bank or financial institutions
  • Financing of used vehicle

Features

Picture of the author
Competitive premium Rates for both private and commercial vehicle
Picture of the author
Flexible Repayment Schedule: Monthly (EMI) or quarterly (EQI) basis
Picture of the author
Fast approval process
Picture of the author
Facility available in all branches
Picture of the author
Provision to provide grace period op to six months
Picture of the author
Flexible tenor: Up to 5 years
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 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

Documents Required

Identification

  • 2 Passport size photo of applicant
  • Photocopy of citizenship certificate/passport of Applicant & guarantor
  • Photocopy of valid driving license (optional)
  • Photocopy of Tax/PAN/VAT certificate along with registration certificate
  • Photocopy of Article of Association and Memorandum of Association
  • Photocopy of Land ownership certificate
  • 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 chassis/vehicles from the vendor if vehicle body needs to be built
  • VAT bill of the vehicle

Download form

Smarter

Ways To Bank

Bank anytime, anywhere with our services