A personal loan provides quick unsecured credit for any personal need — medical expenses, home improvement, travel, a wedding or consolidating existing debt. Because it requires no collateral, the interest rate is typically higher than a secured loan, which is why comparing rates across banks before borrowing matters more here than almost anywhere else.
Personal loan rates in Nepal range broadly between banks. The effective rate you receive also depends on your income, credit history and the bank's internal assessment of your repayment capacity. The table below ranks every bank publishing a personal loan rate, lowest first.
Lowest Personal Loan Rates in Nepal — Bank Comparison
5 Banks| # | Bank | Interest Rate | Action |
|---|---|---|---|
| 1 |
Standard Chartered BankLowest
|
8.29% | |
| 2 |
Rastriya Banijya Bank
|
8.50% | |
| 3 |
Prime Commercial Bank
|
9.00% | |
| 4 |
Gurkhas Finance
|
10.00% | |
| 5 |
Lumbini Bikas Bank
|
11.00% |
Which bank has the lowest personal loan rate in Nepal?
The bank at the top of the table above currently publishes the lowest personal loan interest rate. Loans are ranked lowest-first because a lower rate means less interest paid over the term.
Do I need collateral for a personal loan in Nepal?
Personal loans are typically unsecured — no property or asset is required as collateral. The bank assesses your income and repayment capacity instead. Some banks offer a secured personal loan at a lower rate if you provide collateral.
What is the maximum personal loan amount in Nepal?
Limits vary by bank and income. Most banks cap personal loans at NPR 10–30 lakh for salaried employees, though the ceiling can be higher with strong credentials. Confirm the limit with the specific bank.
What documents do I need for a personal loan in Nepal?
Typically: citizenship certificate, recent salary slips or income proof, bank statements for the last 6 months, and employment letter. Self-employed applicants may need business registration and tax records.
What does the ✓ Verified badge mean?
A Verified badge means the rate was confirmed directly by the bank through Byajdar's partner portal rather than scraped from public sources. Verified rates always override scraped data for that bank and product.