Shangri-la Vehicle Loan

Marketing and distribution of products to the customers is very essential and if you are in need of vehicle for doing so or for transport of raw materials, then we have vehicle loan for you to avail so that you needs are fulfilled.

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Finance and tenure
Upto

3.99 % financing

Tenure Upto

10 years

This product can be availed for :

  • Purchasing of New Vehicles for Business
  • Purchasing of Used Vehicles for Business

Features:

  • Maximum of 80% of distress value of the collateral shall be availed as loan
  • Used vehicle shall be valuated by authorized valuator of the bank
  • Maximum tenure of loan shall be of 10 year
  • Client should be at least of 21 years and should not be more than 60 years at the time of availing loan
  • In some instance land and building shall be taken as extra collateral

Benefits

  • Easy repayment plan matching with the income of the client
  • Personalized service
  • Quick processing and decision shall be obtained within 48 hours after complete submission of documents
  • Easy documentation

Documentation Required

  • Passport size photograph (3 Copies) of Loan Applicant / (1 copy) of Guarantor
  • Photocopy of Citizenship of Applicant / Guarantor
  • Photocopy of Registration No and PAN of Company or Firm
  • Copy of Memorandum of Association and Article of Association in case of company
  • Partnership deed in case of Partnership Firm
  • Board Resolution in case of Company
  • Application with appointment for authorization for transactions with bank
  • Photocopy of land/building ownership/document. (lal purja)
  • Four Boundary Certificate ( Char Killa )
  • Blue Print Map of the proposed collateral land
  • Building construction approval from Municipality / VDC along with drawing plans (applicable where building is involved)
  • Land revenue tax (malpot receipt)
  • Audited and Projected Financial Statement
  • Feasibility Report of the business or Business Plan
*Condition applied

Everything you will need to get Shangri-la Vehicle Loan

Ready to open Shangri-la Vehicle Loan

The Process

  • Apply online

    Check that you’re eligible and what you need, then apply online.

  • Upload your documents

    Check that you’re eligible and what you need, then apply online.

  • Wait for approval

    Check that you’re eligible and what you need, then apply online.

  • Contact you nearest branch for further process

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FAQ

Shangri-la Vehicle Loan explained

Find the answers to frequently asked questions here.

A home loan, also known as a mortgage, is a type of loan provided by a financial institution (such as a bank or a mortgage lender) to individuals or families to help them purchase a home. Home loans are a common way for people to finance the purchase of real estate, as buying a home often requires a substantial amount of money that most individuals do not have readily available.

Eligibility for a home loan can vary depending on the lender, the type of home loan, and the country's specific lending regulations. However, there are some common factors that lenders typically consider when determining eligibility for a home loan:
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