NMB Bank

Dream of seeing your car parked outside your house? NMB Bank Auto Loan provides you the best deal to make your dream come true.

For more information:
Please give us a Missed Call at: 9801717666
Toll Free: 16600125252

  • Loan amount
    • Upto NPR 10,000,000/- for private use
    • In case of commercial vehicle, maximum amount of NPR 5,000,000/- can be availed. 
  • Tenure
    • Loan tenure up to 7 years for purchase of new vehicle. 
  • Repayment Method
    • Equated Monthly Installment (EMI) based 
  • Loan approval time
    • Within five working days after receiving all the documents.

Loan To Value Ratio

Upto 50% of the cost of the vehicle

Upto 80% of the cost of the vehicle (electric vehicles)

 

Age 25-60 years
Profession
  • Salaried individuals
  • Self employed professionals
  • Businessmen
Nationality Nepali
Gender All gender

Along with the Auto Loan application you will need to provide the following list of documents to help us process your loan at the earliest.

  1. Identification Documentation

    • Photograph and copy of citizenship of the applicant/sponsor/guarantor.

    • Net worth statement of applicant/guarantor/sponsor.

    • Details of the vehicle –pro-forma invoice, etc

    • Map of the applicants’/sponsor’s/guarantor’s residence.

    • Copy of Individual PAN certificate (where applicable)

  2. Income related documents

    • For salaried individuals

      • Bank Statement, as applicable.

      • Latest two salary slips (if any).

      • Salary certificate from the employed organization/company (not older than 3 months).

    • For self-employed professionals

      • Certificate of registered professional.

      • Detail of income source/ profession.

      • Proof of last 3 years of continuous practice (if any).

      • Bank Statement, as applicable.

    • For business person

      • Latest audited financial statement as per prevailing Company/Tax Act of Nepal.

      • Bank Statement, as applicable.

      • Certificate of Incorporation (in case of organization)

      • Valid Firm/Company registration certificate.

      • MOA/AOA, Share Lagat, partnership deed (as applicable)

      • Recent tax paid receipt.

    • For other sources

      • Latest lease payment receipt or agreements, title deed of property. Future rental income will not be considered.

      • Other rental income details. If the asset generating rental income is under loan from other financial institution, the Bank must take into consideration the residual income from such asset.

      • Pension slip, interest received statement etc.

      • Bank Statement, as applicable.

      • Other verifiable income.

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