Auto Loan

Have you just seen your dream car and have your heart set on buying it? Then let Ace assist you in financing your purchase with Ace Auto Loans. Such loans are provided to assist clients by partially financing their purchase.

Who can apply for the loan?
The applicant must be a Nepali citizen who is employed with a stable job or self-employed with a regular income source.

Tenure
The tenure of the loan can be maximum of 15 years.

Security
The vehicle shall be registered in the name of Ace and the vehicle must be comprehensively insured to cover risks such as accident, fire, theft and other hazards. The vehicle must also be insured against third party risks. Collateral in the form of land and/or building or other fixed assets will be preferred. Other forms of security may be accepted upon terms and conditions.

Interest rate
9% - 14% per annum, conditions apply
Interest rates will be periodically reviewed to be in line with the market.