Purpose
Ø        Purchase of New Vehicle or Second Hand Vehicle for personal use and official use and commercial use.     

Eligibility
Ø        Professionals, Corporate Executives or a Nepalese Citizen having salary income or self employed.
Ø        Gross monthly income including spouse should be at least double of the monthly installment of the loan.
Ø        Age limit is not bound but as per law the person should be eligible to pay the installment. 

Loan Amount Limit
Ø        Upto Company's SOL (Single Obligation Limit) there is no limit for loan amount but application less than amount 5,000/- will not be accepted.
Ø        Upto 80% for the vehicle purchase for personal or official use.
Ø        Upto 70% for the vehicle purchase for public use. 

Interest Rates & Other Fees
Ø        Published Interest Rate is applicable.
Ø        Processing fee is Rs. 1,000/- for appication of Rs. 10 lacs and Rs. 500/- below 10 lacs.
Ø        Loan Service Charge is 1.50% of sanctioned amount or minimum Rs. 3,000/-. 

Repayment & Repayment Period
Ø        It is based on Equal Principal Installment (EPI).
Ø        Maximum loan period 8 years for the vehicle purchase for personal and official use.
Ø        Maximum 5 years for the vehicle purchase for public use.