October 17, 2024

Drive Your Dreams: Fast & Flexible Car Loan in Nepal

Four wheeler loan

drive your dream

Owning a car in Nepal is a dream for many because it gives you the freedom to travel, adds convenience to your life, and lets you explore the beautiful landscapes at your own pace. However, the cost associated with buying the car makes it difficult for many to turn this dream into reality. Fortunately, the financial service provider offers a flexible car loan in Nepal, which makes it much more manageable. 

Table Of Contents

What Is a Car Loan

Fast & Flexible Car Loan in Nepal From Hulas Finserv

Second-Hand Car on EMI: Affordable Loan Solutions

Flexible Loan Options for New Cars

Apply For an Easy Auto Loan in Nepal

Conclusion

FAQs

What Is a Car Loan

A car loan is a type of financing. Here, a lender provides the necessary funds to purchase a car.  Instead of paying for the car all at once, the lender gives you the money upfront, and you repay it over time with added interest. This makes it easier for people in Nepal to afford cars by spreading out the payments. Car loans are flexible, with different options for how long you can take to pay back the money, making car ownership more accessible for many people. You get your car right away and pay for it gradually.

Fast & Flexible Car Loan in Nepal From Hulas Finserv

Hulas Finserv, Nepal’s best financial service provider, offers a car loan for reconditioned and new cars. Let’s explore the terms and conditions of Hulas Finserv’s fast and flexible Car loan in Nepal

Second-Hand Car on EMI: Affordable Loan Solutions

If you are considering buying a second-hand car on EMI, Hulas Finserv Hire Purchase Ltd. offers a special car loan package in Nepal for these vehicles. Reconditioned cars are a popular choice in Nepal due to their affordability and good condition.

50% Loan of the Total Product Cost:

● Loan Amount: 50% of the total product cost

● Interest Rate: 13%

● Loan Tenure: Up to 60 months

This loan option allows you to cover a larger part of the cost of your reconditioned car. Hence, getting a quality car at a lower price makes it easier. Also, the interest rate is competitive and has a long tenure. It allows you to repay the loan comfortably.

Flexible Loan Options for New Cars

If you want to buy a new car, Hulas Finserv provides a flexible car loan in Nepal with two loan packages. You can select from two different loan amounts based on the car’s total cost.

50% Loan of the Total Product Cost:

  • Loan Amount: 50% of the total product cost
  • Interest Rate: 13%
  • Loan Tenure: 60 months

These loan packages allow you to finance up to half of your car’s cost with competitive interest rates. The repayment period is up to 60 months (five years) meaning you pay back the loan in easy monthly installments. This helps to lower your financial stress and enjoy your new car.

Apply For an Easy Auto Loan in Nepal

Applying for an auto loan in Nepal is quick and easy. 

  • Begin by using our EMI calculator to estimate your monthly payments. Next, check your loan eligibility to find out how much you can qualify for.
  • Then, gather the following documents to apply for an auto loan in Nepal:

For Individuals:

  • Passport-sized photos
  • Citizenship copy
  • Valid driving license
  • Income proof
  • Address proof

For Business Owners:

  • Business registration
  • PAN/VAT registration
  • Tax clearance
  • Loan request letter
  • Partnership deed (if applicable)
  • Share ownership documents
  • Meeting minutes (if needed)
  • Loan processing authority letter

Note: This is a basic list; you might need more documents based on your situation.

  • After following all the above steps, one can easily apply for an auto loan in Nepal.

These simple steps will help you get a car loan in Nepal seamlessly.

Conclusion

Getting a car in Nepal is easier with car loans from Hulas Finserv. We offer good deals for both used and new cars. In addition, the application process is quick, and you only need a few documents. So, if you want to own a car, apply for a car loan in Nepal and make your dream come true.

FAQs

What is the total loan amount financed by Hulas Finserv?

Hulas Finserv finances up to 60% of the total product cost.

What is the time period for the installment payments?

The installment payments can be made over a period of up to 60 months (five years).

How can I apply for a car loan in Nepal?

To apply for a car loan in Nepal, use the EMI calculator to estimate your monthly payments and check your loan eligibility. Gather the required documents and submit your application to Hulas Finserv.

What happens if I cannot pay the EMI on time?

If you’re unable to pay the EMI on time, a penalty of 2% per month will be charged on the total overdue amount.