Home || Transport Loan

The loan is granted to those customers desiring to buy light vehicle/ medium vehicle/ heavy vehicles including commercial vehicles or public buses /tourism transport vehicles etc. For the purchase of trucks and busses, the body building shall be included within the above percentage.

a) Light Transport Loan (Employee)
Eligibility
i. All Government, Corporate, Registered Private Company, NGO’s employees with confirmed service (where employees are entitled for PF and gratuity).
ii. Third party guarantee of an employee with same grade or above working in the same department/organization is required.
Rate of Interest: (Click here to refer interest rate chart)
Quantum:
i. 60% of the cost of the vehicle if the cost of the vehicle is within Nu. 800,000.00
ii. 50% of the cost of the vehicle if the cost of the vehicle exceed Nu.800,000.00
Tenure: Maximum 5 years
Security: Hypothecation of the vehicle being purchased

b) Light Transport Loan (Commercial)
Eligibility:
i. Any individual, Firm, Company, Transporter, Contractor etc
ii. Third party guarantee is required
Rate of Interest: (Click here to refer interest rate chart)
Quantum:
i. 60% of the cost of the vehicle if the cost of the vehicle is within Nu. 800,000.00
ii. 50% of the cost of the vehicle if the cost of the vehicle exceed Nu.800,000.00
Tenure: Maximum 5 years
Security: Hypothecation of the vehicle being purchased

c) Heavy Transport Loan (Commercial)
Eligibility:
i. Any individual, Firm, Company, Transporter, Contractor etc
ii. Third party guarantee is required
Rate of Interest: (Click here to refer interest rate chart)
Quantum:
i. 60% of the cost of the vehicle if the cost of the vehicle is within Nu. 800,000.00
ii. 50% of the cost of the vehicle if the cost of the vehicle exceed Nu.800,000.00
Tenure: Maximum 5 years
Security: Hypothecation of the vehicle being purchased

d) Heavy Transport Loan (Public buses/Tourism)
Eligibility: For public transport service & tourism companies
Rate of Interest: (Click here to refer interest rate chart)
Quantum:
i. 60% of the cost of the vehicle if the cost of the vehicle is within Nu. 800,000.00
ii. 50% of the cost of the vehicle if the cost of the vehicle exceed Nu.800,000.00
Tenure: Maximum 5 years
Security: Hypothecation of the vehicle being purchased.