agriculture equipment loan

Understanding the requirements of Agricultural equipment, MIPL offers easy financing solutions for the purchase of Agriculture Equipment.

  • Door to Door service
  • Fast Processing with simplified documents
  • Loan up to 70% of the vehicle value.
  • Greater Flexibility
  • Flexible tenure of repayment
  • Competitive interest rates
  • Customized Financing
  • Interest is charged on the reduced principle outstanding
  • Eligibility

  • Must be Nepali Citizen
  • Age minimum 18 years maximum 65 years at the time of loan maturity
  • Minimum 3 years in the same business if business income is considered
  • The Applicant /Proprietor / Chairman/ MD/ Major Shareholder should have at least his own

    house in any part of Nepal. House must be in Grand parent/father/mother/son/ spouse name

  • Required Documents

  • Registration Documents (Gharelu /BanijyaBhivag /Company Registrar /Pan if applicable)
  • MOA &AOA(Niyamawali&Prabandhapatra if applicable)
  • Partnership Deed (in case of Partnership firm if applicable)
  • Share Lagat, Board Minute, Audit report, Tax Clearance Certificate(latest if applicable)
  • Citizenship Copy (Applicant &Guarranter Both)
  • Recent Photographs (2 pcs)
  • Sales record (Day Book/Vat Bill/Maskerbari) Minimum of Six months
  • Proof of income source(Business / Salary / Rental/ Pension/ Remittance)
  • Copy of lalpurja
  • Electricity/ Water bill
  • Trace, Blue print, Char KillaTiroReciept (If applicable)
  • Relationship Certificate/ Marriage Certificate (If applicable)
  • If Loan from other BFIs complete loan statement