NMB Bank

NMB Electric Auto Loan

Overview

Electric Car Loan under NMB Auto Loan is a Retail Loan product targeted towards Electric four wheeler-buyers.

Digital Retail Loan Application - Apply Now

Eligibility
  • Individuals or Business Units
  • Age for individuals: Minimum: 20 years, Maximum: 65 at loan maturity.
  • For Registered Business Units: New and Existing.
Documentation
  • Identification Documents and Income Documents of Individual/ Business Unit.
  • Quotation of Electric Vehicle issued by authorized dealers.
Features
  • Loan amount from 0.5 Mio.
  • Maximum limit 5 Mio.
  • Up to 80% financing of the purchase price of the vehicle.
  • Financing Tenure of Up to 7 years.
FAQ
Rates & Fees
  • Administrative Fee as per STC.
  • No prepayment charges.
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