Rastriya Banijya Bank Auto Loan interest rate 2083
Rastriya Banijya Bank's auto loan is priced at 5.18%–6.83% effective in Shrawan 2083: a 3.83% base rate plus a 1.35%–3% premium. That ranks 4th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 18,954, plus a 1% processing fee.
- Effective rate
- 5.18% – 6.83%
- Base rate
- 3.83%
- Premium
- 1.35% – 3%
- Processing fee
- 1%
- Maximum tenure
- 84 months
- Maximum loan-to-value
- 50%
- Rank by rate
- 4 / 18
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: www.rbb.com.np/content/history-rate-of-interest
Rastriya Banijya Bank Auto Loan: effective rate 5.18%, EMI from Rs. 18,954 per month. Compare with 17 other banks.
Rate breakdown
Base rate
3.83%
Premium
1.35%–3%
Effective rate
5.18%–6.83%
Fixed
6.5%–8%
- Processing fee
- 1% (Min Rs. 2,000)
- Prepayment penalty
- 1.64%
- Fixed-rate terms
- Auto loan (up to 7 yrs) 8.00% · electric vehicle (up to 7 yrs) 6.50%
- 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
Rastriya Banijya Bank Auto Loan FAQ
What is Rastriya Banijya Bank's current Auto Loan interest rate?+
Rastriya Banijya Bank's Auto Loan floating rate is base rate 3.83% plus a premium of 1.35% to 3%, giving 5.18% to 6.83% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Auto Loan from Rastriya Banijya Bank?+
At 5.18% over 60 months, the EMI is roughly Rs. 18,954. Use the calculator above to change the amount or tenure.
Can I prepay a Rastriya Banijya Bank Auto Loan?+
Yes. The published prepayment charge is 1.64% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
