EXCAVATORS – JCB385 – RBC
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Please review the general loan eligibility criteria.
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- Borrower age should be minimum of 18 years at the time of loan application & maximum of 65 years at the time of loan maturity.
- Loan can only be granted to the Nepali citizens
- Personal guarantor is mandatory and a family member of the borrower shall be obtained as a personal guarantor. However, the third-party guarantor is also acceptable.
- Borrowers should have regular income & can only be considered with income proof documents / Self declarations
- The Financed Product itself remains as security of the loan.
- Repayment on Equated Monthly Installment (EMI) basis.
*Note: Required documents may vary depending on the loan product or nature of the customer income. The above are the basic required terms and conditions.
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