Overview

The MBL Hire Purchase Loan is a financing solution designed for individuals and business units to purchase heavy and light commercial vehicles for commercial use. The loan supports transportation of goods, passenger travel, and heavy construction requirements, providing structured financing to meet business and personal mobility needs.

Key Features

1

Loan Limit: Minimum NPR 500,000; Maximum NPR 10,000,000

2

Purpose: Purchase of heavy and light commercial vehicles for business or commercial use

3

Tenure: Up to 5 years

Eligibility

•    Nepalese citizens and business units registered in Nepal
•    Suitable for individuals and businesses requiring commercial vehicles
•    Applicant must meet the standard credit and income assessment criteria of MBL

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Documents Required

  • Proof of income or income source

  • Vehicle quotation from an authorized dealer

  • Passport-size photograph of applicant(s)

  • Citizenship certificate of applicant(s)

  • Other related documents