Hire Purchase Loan Overview Loan Calculator Rates & Fees Docs Needed Eligibility FAQ OverviewLoan CalculatorRates & FeesDocs NeededEligibilityFAQ Hire purchase Loan serves to finance the purchase of commercial vehicles(new) such as Micro Buses, short/long route buses, trucks, tippers etc. and heavy equipments such as loaders, excavators etc. used in commercial purpose by individuals, proprietorship/partnership/private companies, associates, transport operators etc. Hire Purchase Loan can be applied for following categories:Hire Purchase Loan (Commercial Vehicles)Hire Purchase Loan (Heavy Equipments) Quick Processing Time Low interest rates Low Processing charges No hidden costs Tenure up-to 7 years for commercial vehicle and heavy equipmentEMI Calculator Amount (in NPR)Min 10000 Rate of interest (%)Min 1 Loan Terms (in years)Min 1 Monthly EMI: Check EligiblityBreakup of Total PaymentPrincipal:Rs. 300,00,0.0Interest Payable:Rs. 300,00,0.0Total Amount Payable:Rs 645,55,55566Please fill your details for eligibility check Your Eligibility For Hire Purchase Loan Loan Amount (in NPR)Min 10000 Rate of interest (%)Min 1 Loan Terms (in years)Min 1 Monthly Income Monthly Expense SubmitCongratulations! You seem to be eligible for this loan. Click apply now to apply for Hire Purchase Loan! Apply NowSorry! You are not elibible for this loan. Plase click apply now to apply for Hire Purchase Loan! Apply NowAt Janata Bank, we believe in providing the best of offers to our customers in terms of interest rates and minimal service fees.Interest Rate: As per Interest Rates published by the Bank from time to time.Other Charges: As per Bank’s Schedule of Service Charges (SSC).Valuation Charge: On actual cost basisCIC Charge: On actual cost basisIdentificationPhotograph (2 copies each)Citizenship and/or PassportRelationship Certificate (if applicable)Marriage Certificate (if applicable)Bank (deposit & loan) account statement of at least 6 monthsFirm/Company Registration Certificate (if applicable)PAN/VAT Certificate (If applicable)Article of Association (AOA) and Memorandum of Association (MOA) (if applicable)Partnership Deed (if applicable)PAN Certificate of individual (Loan amount equal or above NPR 10M)Location Map (Residence & Office)Security/CollateralLand Ownership Certificate (Lalpurja)Rajinama or Bakaspatra or Ansha-banda paperLatest Land Revenue paid receipt “Tiro tireko receipt”Blue Print & Trace MapChar killa Pramanit from ward officeApproved Building MapConstruction completion certificate of buildingCommercial Vehicle/EquipmentQuotation of Vehicle/EquipmentBill Book Vehicle/EquipmentVAT Invoice Vehicle/EquipmentIncome SourceSalary certificateRental agreement (If any) along with tenant’s identificationAudited financials of last 2 fiscal years (If business income)Pension Certificate (Pension Patta)Copy of renewed/valid blue book of vehicle along with route permit (If income is from commercial vehicle)Salary certificate, work permit, valid passport with visa, pay slip and bank account statement (If income is from foreign employment)Other RequirementsCopy of Land Ownership Certificate of residential house (where ever applicable)Quotation of vehicle from dealerHire Purchase Loan eligibility is calculated after considering various factors including:Age of applicant/co-applicant:-Minimum age of 21 years at the time of loan origination-Maximum age of 58 years at the time of loan maturityAll individuals having sufficient level of income to repay EMIsSalaried individual – Should be in permanent service and 2 years job experienceSelf-employed individual (Business should be at least 2 years in commercial operation) – Start-up ventures will need proper justification.The plot should have at least 8 feet wide road with motorable accessThe plot should be free from Guthi and/or MohiThe plot should be far away from high tension lineThird party collateral is not acceptable Who can apply for a commercial hire purchase loan? Both businesses and individuals can apply for a commercial hire purchase, as long as the vehicle is being used predominantly for business purposes. Any individual/proprietorship/partnership/private Ltd/associates/transport operators can apply for the loan with good financial records How to get a Hire Purchase Loan? You can apply from our official Janata Bank Nepal’s website or visit nearest branch or simply contact our bank representative for further information.Online BankingLocker ServicesEnsure Peace of Mind by Keeping your Valuables Safe Learn MoreMobile BankingWith Janata Bank Mobile Banking discover quick, simple and convenient ways to take command of your bank account on your mobile phone. Learn MoreInternet BankingInternet Banking is a convenient way to do banking from the comfort of your home or office. 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