Hire Purchase - Consumer Durable PDF Print E-mail

Purpose
Ø  Purchase of home appliances.     

Eligibility
Ø  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 should not be below 18 years. 

Loan Amount Limit
Ø  Maximum Rs. 2,00,000/-.
Ø  Upto 90% of the item to be purchased. 

Interest Rates & Other Fees
Ø  Published Interest Rate is applicable.
Ø  Loan Service Charge is 2% of sanctioned amount or minimum Rs. 2,000/-. But Service charge will be taken as per the contract with the company.
Ø  File Charge Rs. 500/- 

Repayment & Repayment Period
Ø  It is based on Equal Monthly Installment (EMI).
Ø  Maximum loan period 2 years.