- Age of applicant/co-applicant should be minimum 20* years at the time of loan processing and maximum 70 years at the time of loan maturity.
*Note: The minimum age criteria may differ based on the type of vehicle financing.
- Period of business should be at least 2 years from the date of establishment for firm/companies
- In case of transport operators, minimum of 2 years of involvement in transportation line of business is to be verified through blue book of owned vehicle or other documents like ‘Route Permit Documents’.
Purpose | Loan Amount | Loan Tenure | Financing Ratio |
Red Plated Private vehicles for Personal use | NPR 0.5 Million to NPR 20 Million | Maximum up to 15 years (conditions applied) | Up to 50% of VAT bill for brand new vehicles Up to 80% of VAT bill for brand new electric vehicle |
Red Plated Business use Vehicle | NPR 0.4 Million to NPR 20 Million | Maximum up to 15 years (conditions applied) | Up to 80% VAT bill |
Red Plated Semi-commercial Vehicles | NPR 0.4 Million to NPR 20 Million | Maximum up to 6 years | Up to 50% VAT bill |
Green Plated Vehicles | NPR 0.4 Million to NPR 20 Million | Maximum up to 7 years | Up to 80% VAT bill |
Black Plated Commercial Vehicles | NPR 0.4 Million to NPR30 Million | Maximum up to 5 years | Up to 50% VAT bill (for Public Transportation having less than 40 seats), for others 80% of VAT bill |