To provide a little more insight on financing, we are the only 2 wheelers in the market to provide financing through A-class banks. The process to get a scooter financed is as follows:
1. Open an account and apply for a credit card – Please ask for our assistance to connect you to the relevant person in the bank.
2. Provide quotation to the bank.
3. Handover Delivery Order from the Bank to us.
Documents required specifically for credit card financing:
1. Source of income For Ex: Salary statement from your work place.
2. Account Statement.
If you are a proprietor, the documents of your company required are: Tax Clearance, Audited Balance Sheet, company registration and Pan Registration.
Please find below the total down payment, Interest Rate, EMI and loan Period for all banks (Please keep in mind that these numbers are for the N-series, priced at 2,69,000/-) :
|
Bank |
Interest Rate |
Total Down payment |
Monthly Instalment |
Loan Period |
| Himalayan Bank |
12% |
80,700/- |
8,864/- |
24 Months |
| Mega Bank |
10% |
26,900/- |
14,944/- |
18 Months |
| Nabil Bank |
12% |
93,000/- |
11,111/- |
18 Months |
| Machhapuchhre |
12% |
79,800/- |
8,967/- |
24 Months |
| Century |
12% |
32,280/- |
14,944/- |
18 Months |
| Global IME |
10.5% |
90,000/- |
11,111/- |
18 Months |
| NIBL |
12% |
93,000/- |
11,111/- |
18 Months |
| NIC ASIA |
12% |
55,952/- |
20,175/- |
12 Months |
| SUNRISE |
9% |
18 Months |