Consumer Durable Loan (CDL)



What is CDL?
CDL is offered to the individual with verified regular income to purchase home appliances. The customer can use this facility to purchase one or more than one product at the same time as long as income of the customer supports the repayment of all debt obligations.
 
Types of Loan Repayment
CDL is credit facility terminating in nature where the payment mode is on EMI (Equated monthly installment)
 
Loan Amount
Minimum : 25,000 and Maximum : 100,000.00
 
Target Segment
Salaried & Self employed
 
Eligibility
  1. Must be Nepali citizen
  2. All staff of government and semi government organization and pensioners
  3. The salaried loan applicant must have worked for at least 2 years
  4. Minimum age of the applicant should be 30 years
  5. The applicant must open saving account with us
 
Fees & Charges

Service charge of flat NPR 1000 per loan
 
Prepayment
Prepayment of Loan is allowed without any prepayment charges while partial prepayment is not allowed
Security Documentation:
Loan Application (Integrated with Loan deed , hypothecation deed & self declaration  form)
 
Proof of Income:
For Salaried:  Salary Certificate, Bank Statement of  6  months, Citizenship copy, Employee ID
For Self Employed: Audited Financial Statement of last 2 years, the firm should be running profitably from last 2 year, citizenship copy
 
Agreements with Merchant Vendors
S.N. Merchant Products
1 NCELL Mobile
2 Chaudhary Group All products sold by the merchant
3 National Mobile Hub (IMS/Samsung Plaza) Mobile Phone/Tablets
4 Neoteric Nepal Laptop/Tablet/Desktop/Mobile Phone/Printer
5 Mac Support Nepal Laptop/Imac/Ipad/Mac Displays
6 Source Rack Mobile Phone/Laptop/Desktop/Printer
7 Syakar Company( Philips ) TV/ Washing Machine
8 Nepa Hima Trade Mobile Phone/Washing Machine/TV/Music System
9 Mercantile Communication Pvt. Ltd Laptops
10 Megatech Pvt. Ltd Laptops
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