Owning a vehicle is everyone dream. These days a household has at least one vehicle. With the public transports crowded these days, commuters are getting more attracted in getting new vehicles with the help of Auto Loans. But the Loans varies from bank to bank.
Let's not waste your time and dive right into the Auto Loan Schemes of Commercial Banks in Nepal
Eligibility - Who can Apply?
• Employee/Salaried: Person who holds various Income generating assets
• Entrepreneurs
• Fixed Income Group (Having rental/pensions/property/assets etc)
Minimum Documents Required:
• Identification records like Citizenship, Passport
• Photos of PP size
• Documents certifying current salary (For Employee)
• Paper of Agreements/contracts (For Fixed Income Groups)
• Audited Financial Statements for past two years (For Business Income)
• Reference from an authorized vehicle dealer
• Certified Earnings Statement
Some Commercial Banks Lists
Commercial Bank Names |
Max. Loan Duration |
Interest Rate Per Annum |
| Nabil Bank Ltd. | 6 Years | 5-8 % |
| Standard Charter Bank | 6 Years | 10-16 % |
| Prime Bank | 7 Years | 9 % |
| Nepal Investment Bank | 5 Years | 9.12 % |
| Himalayan Bank | 8 Years | Equal Monthly Installment (EMI) basis |
| Nepal SBI Bank | 5 Years | 2.25-6 % |
| Global IME Bank | 7 Years | 8.5-12 % |
| Nepal Bangladesh Bank | - | 0.5-7 % |
| Sunrise Bank | - | 2-6 % |
| Prabhu Bank |
Upto 5 Years Above 5 Years - 8 Years |
3.33-3.58 % 5.08-6.33 % |
