Our Hire Purchase Loan Scheme aims at fulfilling your dream of owning your own vehicle. The scheme supports our customers to purchase their dream vehicle with an easy Equated Monthly Installment (EMI) payment option.
- Attractive and Competitive Interest Rate.
- Easy & Fast Loan processing.
- Tenure Up to 7 Years.
- Equated Monthly Installment (EMI) based loan.
- Financing Up to 80% of vehicle cost. *
- Financing available for Private, Commercial, Business purpose vehicles.
- Credit facility extended to personal names and business names.
* However, the loan to value ratio shall also be guided as per the prevailing NRB Directives.
Terms and Conditions :
- Age of applicant should not exceed 60 years. (however, may be waived with extra terms and conditions)
- Applicant should have regular income source (certified documents showing source and proof of income with tax clearance/tax paid receipt/TDS Certificates, wherever applicable).
- Credit facility shall be disbursed only against the final bill/invoice of the purchase.
For detailed information, please visit your nearest Branch.