Nepal Bank Limited Auto Loan interest rate 2083
Nepal Bank Limited's auto loan is priced at 4.87%–6.87% effective in Bhadra 2083: a 4.37% base rate plus a 0.5%–2.5% premium. That ranks 1st cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 18,812, plus a 1% processing fee.
- Effective rate
- 4.87% – 6.87%
- Base rate
- 4.37%
- Premium
- 0.5% – 2.5%
- Processing fee
- 1%
- Maximum tenure
- 84 months
- Maximum loan-to-value
- 50%
- Rank by rate
- 1 / 18
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.nepalbank.com.np/interest-rate/interest-rate-on-loans-advances-floating-rate
Nepal Bank Limited Auto Loan: effective rate 4.87%, EMI from Rs. 18,812 per month. Compare with 17 other banks.
Rate breakdown
Base rate
4.37%
Premium
0.5%–2.5%
Effective rate
4.87%–6.87%
Fixed
7.9%–8.5%
- Processing fee
- 1% (Min Rs. 2,000)
- Prepayment penalty
- 0.62%
- Fixed-rate terms
- Auto loan 7.99% for 5 years · 8.50% for 7 years; electric vehicle 7.90% for 5 years
- Loan amount
- Rs. 2 Lakh – Rs. 1.5 Cr
- Tenure
- 12 – 84 months
- Max financing
- 50%
- Age
- 21 – 65 years
Highlights
- Cars, bikes, scooters and EVs
- EV financing up to 80% LTV
- Insurance bundling
Who is eligible
Minimum 6 months in current job or 2 years in business. EVs allowed higher LTV per NRB.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Vehicle quotation from dealer
- Driving licence
Nepal Bank Limited Auto Loan FAQ
What is Nepal Bank Limited's current Auto Loan interest rate?+
Nepal Bank Limited's Auto Loan floating rate is base rate 4.37% plus a premium of 0.5% to 2.5%, giving 4.87% to 6.87% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Auto Loan from Nepal Bank Limited?+
At 4.87% over 60 months, the EMI is roughly Rs. 18,812. Use the calculator above to change the amount or tenure.
Can I prepay a Nepal Bank Limited Auto Loan?+
Yes. The published prepayment charge is 0.62% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
