Hire Purchase Loan

 

 

Are you thinking of driving a brand new own vehicle Machhapuchchhre Bank is ready to provide you financial assistance to materialize your dream. We finance up to 80% of the vehicle price at attractive interest rate repayable within 7 years in equated monthly installment.
 

Loan Amount

  1. Minimum Rs.500, 000/- 
 

Eligibility Criteria

  1. Permanent employee of organized sector
  2. Professionals (Doctor, Engineer, Lawyer, Chartered Accountants, etc.)
  3. Self-employed individuals, business persons
  4. Others having proof of regular income source
 

Documents Required:

  1. Evidence of Income Source
  2. Quotation of Vehicle from the Dealer
  3. Driving License
  4. Passport Size Photograph
  5. Citizenship Certificate
 

Security Requirements: 

The vehicle will be registered and insured in the bank's name. Additional security may be asked for depending upon the case.
 

Loan Processing Fee: 

0.75 % of the approved loan amount to be paid at the time of loan disbursement.
 

Response Time: 

The loan will be approved within 3 working days, if the application is complete in all respects.


Other terms and conditions will be as decided by the bank from time to time. For more details, please contact to our nearest branch


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