Commercial Vehicle Loan

Understanding the requirements of transport entrepreneurs and extensive road networks, and aligning ourselves to the growing demand of transportation of various goods etc. across the length and breadth of the country connecting rural/semi urban roads to urban centers, MIPL offers easy financing solutions for the purchase of Commercial Vehicles.

  • 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
  • Must be registered firm or Company
  • 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