National Finance Ltd., a full-fledged Non-Banking Financial Institution (NBFI), provides Auto Loan to purchase brand new/reconditioned vehicles to the individuals.
AMOUNT OF THE LOAN
The loan amount depends on client’s repayment capability. It will be upto 70% of cost of the vehicle.
TENOR OF THE LOAN
Maximum 60 (sixty) months
- Service Holders
- Self Employed Persons
- Businessman etc.
AGE OF THE BORROWER:
Between 25 years to 60 years (Loan must be repaid on or before the age of 60)
SECURITY OF THE LOAN
- Joint Registration of the vehicle under the name of both the borrower & NFL
- Personal Guarantee (spouse/family
members and an eligible 3rd party)
RATE OF INTEREST OF THE LOAN
Competitive rate of Interest
- Employment Certificate/Trade License of the business
- Latest Salary Slip/Salary Certificate
- NID, E-TIN Certificate
- Bank statements for last 12 months
- Income Statement of the business for last 3 years.