Bike Loan

Eligibility

• Individual having fixed source of income / existing credit clients / relatives of credit clients / staff members of different organizations/ wholesalers / dealers / retailers / business concerns with regular income source.
• Valid Driving License holder.
• Citizenship Certificate holder.

Brand for Financing

• Bajaj Motorbike:- Finance throughout Nepal
• Honda/ Hero Honda Motorbike:-  finance Outside Kathmandu Valley Only.  
• Yamaha Bike:- Finance from Kirtipur Branch (Kahtmandu) Only.

Extent of Loan

70% of the invoice value of the proposed motorbike subject to maximum of Rs. 1.50 lacs.

Margin

A minimum of 30% of the invoice value of the bike

Rate of Interest

11.00% p.a. payable on EMI basis

Income Level

Level of income should be at least double the monthly payable EMI (i.e. installment plus interest) to the Bank and should not be less than Rs 7,500 per month.

Repayment

2-3 years