| HAMA Merchant and Finance Limited |
| Tripureshwor, Kathmandu, Nepal |
| P.O.Box : 1425 |
| Phone : 4249503,4216482, 016213290 Fax : 4250245 |
| Email : info@hamafinance.com.np |
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 Hire Purchase Loan |
 We offer our customers vehicle loan for easy access to their destination. Whether you are a professional, an employee or a self-employed individual you can own your vehicle at your convenience. |
| Eligibility |
| 1. |
Individuals should be employed, self-employed or professional Nepalese citizens. |
| 2. |
Loanee should have adequate and regular source of income, which should match with
EMI.
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| 3. |
Loanee must be a license holder. |
| Loan Amount |
| 1. |
Up to 80% of vehicle cost or NRS 25 lakhs which ever is lower |
| 2. |
Loan amount will be paid directly to the vendor. |
Interest Rate & Other charges
Upto 6 Years Interest Rate 12-15 %
Procesing Fee 1.5% of the loan amount (One time charge)
| Security arrangements |
| 1. |
Registration of the vehicle will be in the finance company's name. |
| 2. |
The Finance Company reserves the right to call for additional registered mortgage over land / building. |
| 3. |
Personal guarantee or counter guarantee. |
| 4. |
In case of employees guarantee letter from the employer. |
Repayment and Repayment Period
Repayment will be based on EMI (Equal Monthly Installment) depending upon your income and repayment capacity.
| General Conditions |
| 1. |
Loan application form along with other required information can be obtained from our office. |
| 2. |
In case of default in repayment of loan amount, the borrower shall be liable to pay penal interest @ 2 % over and above the applicable rate on the principal amount and interest accrued. |
| 3. |
In case of continuous or total default of three monthly installments, the finance shall have the right to recall the full outstanding. |
| 4. |
Vehicle mortgaged should be insured, and further property being mortgaged should be insured against fire, earthquake, flood, etc. |
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