Hire Purchase

Hire-purchase Loan -Commercial
The product is designed to extend the loan against newly purchased/reconditioned vehicles to the individuals/firms/companies who are involved in transportation business.
Features

  1. Tenure : Maximum 5 years
  2. Installments payment : EMI
  3. Prepayment charge: 2-3 % on prepaid amount
  4. Maximum Loan Limit : 70% of the purchase price of vehicle
  5. Service charge : 1.25% on sanctioned loan amount
  6. Attractive interest rate and easy loan processing
  7. Additional collateral is desired

Eligibility

  1. Individuals with multiple source of income
  2. Salaried individual
  3. Professionals
  4. Businessmen
  5. Self-employed individuals

Hire-purchase loan-Private
The product is designed to extend the loan against newly purchased/reconditioned vehicles to the individuals who wish to have their own private vehicle.
Features

  1. Tenure : Maximum 7 years
  2. Installments payment : EMI
  3. Prepayment charge: 2-3 % on prepaid amount
  4. Maximum Loan Limit : 70% of the purchase price of vehicle
  5. Service charge : 1.25% on sanctioned loan amount
  6. Attractive interest rate and easy loan processing
  7. Additional collateral is desired
  8. Local personal guarantor is required

Eligibility

  1. Individuals with multiple source of income
  2. Salaried individual
  3. Professionals
  4. Businessmen
  5. Self-employed individuals

Heavy Equipment
This product is designed to extend the loan against the collateral of heavy equipment.
Features

  1. Tenure : Maximum 5 years
  2. Installments payment : EMI
  3. Prepayment charge: 2-3 % on prepaid amount
  4. Maximum Loan Limit : 70% of the purchase price of vehicle
  5. Service charge : 1.25% on sanctioned loan amount
  6. Attractive interest rate and easy loan processing
  7. Local personal guarantor is required
  8. Additional collateral is desired

Eligibility

  1. Individuals with multiple source of income
  2. Salaried individual
  3. Professionals
  4. Businessmen
  5. Self-employed individuals

Motorcycle loan
This product is designed to extend loan for purchasing two wheeler for personal purpose.

Features

  1. Tenure : Maximum 2-3 years
  2. Installments payment : EMI
  3. Prepayment charge: 2-3 % on prepaid amount
  4. Maximum Loan Limit : 60% of the purchase price of vehicle
  5. Service charge : 1.25% on sanctioned loan amount
  6. Attractive interest rate and easy loan processing
  7. Local personal guarantor is required

Eligibility

  1. Individuals with multiple source of income
  2. Salaried individual
  3. Professionals
  4. Businessmen
  5. Self-employed individuals

Documents required all HP Loan

  1. Application Form
  2. Copy of Citizenship of Applicant and Guarantor
  3. Land revenue and tax paid receipt ( As appropriate)
  4. Approval of construction, approved house drawing and construction completion certificate (as appropriate)
  5. Recent blue print, trace map and foundry certificate (As appropriate)
  6. Photo of the Applicant and Guarantor
  7. Copy of Lalpurja/ Electricity Bill/Water Bill etc. ( As appropriate)
  8. Recent salary certificate signed by authorized person if salary income
  9. Audited Financial Statements of latest FY, in case of business income
  10. Photocopy of Bluebook of the vehicle/Equipment duly verified by Concerned Authority
  11. Copy of PAN/VAT and other registration Certificate
  12. Rental Agreement
  13. Others as required

Head Office:

United Finance Ltd.

IJ plaza,Durbar Marga,Kathmandu,Nepal

P.O.Box : 12311

Phone:01-4241648, 01-4241645

Email:info@ufl.com.np


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