Welcome

Gurkha Development Bank (Nepal) Ltd. is promoted by British Gurkhas. It is managed by banking professionals. The disciplined and loyal Gurkhas incorporates the same values in the bank which has earned them an awesome reputation. There is profit but with ethics. Transparency and integrity are not compromised for financial gains...
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Vehicle Loan
Purpose
  • New vehicle or second hand vehicle (Car, Jeep and Van) for personal use
Eligibility
  • Professionals
  • Corporate executives having permanent salary income
  • Self employed individuals
  • Age of the applicants shall not be more than 60 years

Loan Amount

  • Maximum loan amount is:
      - Up to 80 % of Vehicle Cost or NRs. 30 lakhs whichever is lower (For new vehicle)
    - Up to 50 % of Vehicle Cost or NRs. 10 lakhs whichever is lower (For second hand vehicle)

Interest Rate & Other Fees

  • Published interest rate is applicable
  • Processing fees is 1% (one time)
  • Pre-payment fee is 1% of loan being pre-paid

Repayment & Repayment Period

  • Repayment is based on Equal Monthly Installment (EMI)
  • Maximum loan period is 5 years
Foreign Exchange Rates
  Unit Cash Buy Sell
U.S. Dollar 1 66.93 68.20
Euro 1 105.13 --
Indian Rs 100 160 160.15
Pound 1 132.89 --
as of more...