Nepal Investment Mega Bank Auto Loan interest rate 2083
Nepal Investment Mega Bank's auto loan is priced at 4.94%–6.94% effective in Bhadra 2083: a 4.44% base rate plus a 0.5%–2.5% premium. That ranks 2nd cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 18,844, plus a 1% processing fee.
- Effective rate
- 4.94% – 6.94%
- Base rate
- 4.44%
- Premium
- 0.5% – 2.5%
- Processing fee
- 1%
- Maximum tenure
- 84 months
- Maximum loan-to-value
- 50%
- Rank by rate
- 2 / 18
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.nimb.com.np/personal-banking/interest-rate
Nepal Investment Mega Bank Auto Loan: effective rate 4.94%, EMI from Rs. 18,844 per month. Compare with 17 other banks.
Rate breakdown
Base rate
4.44%
Premium
0.5%–2.5%
Effective rate
4.94%–6.94%
Fixed
Not published
- Processing fee
- 1% (Min Rs. 2,000)
- Prepayment penalty
- 0.83%
- 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 Investment Mega Bank Auto Loan FAQ
What is Nepal Investment Mega Bank's current Auto Loan interest rate?+
Nepal Investment Mega Bank's Auto Loan floating rate is base rate 4.44% plus a premium of 0.5% to 2.5%, giving 4.94% to 6.94% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Auto Loan from Nepal Investment Mega Bank?+
At 4.94% over 60 months, the EMI is roughly Rs. 18,844. Use the calculator above to change the amount or tenure.
Can I prepay a Nepal Investment Mega Bank Auto Loan?+
Yes. The published prepayment charge is 0.83% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
