Home / Loans / Lowest Vehicle / Auto Loan Rates in Nepal
UPDATED DAILY · FY 2083/84
Lowest Vehicle / Auto Loan Rates in Nepal
Vehicle, auto and car loans across Nepali banks — ranked by interest rate, lowest first. Covers private cars, two-wheelers, EVs and commercial vehicles. Verified rates marked ✓ Verified.नेपाली बैंकहरूको सवारी, अटो र कार कर्जा — ब्याज दरअनुसार क्रमबद्ध, न्यून पहिले। निजी कार, दुई-पाङ्ग्रे, EV र व्यावसायिक सवारी समेटिन्छ। प्रमाणित दर ✓ प्रमाणित चिन्ह लगाइएका।
✓ Sourced from NRB & bank data · Kartik 1, 2083
A vehicle loan — also called an auto loan or car loan — finances a new or used vehicle that you repay in monthly instalments, typically over 3 to 7 years in Nepal. The vehicle itself acts as collateral, which is why a vehicle loan usually carries a lower rate than an unsecured personal loan but a higher rate than a home loan.सवारी कर्जा — अटो वा कार कर्जा पनि भनिन्छ — ले नयाँ वा पुरानो सवारी वित्तपोषण गर्छ जुन तपाईं मासिक किस्तामा तिर्नुहुन्छ, नेपालमा सामान्यतया 3 देखि 7 वर्षमा। सवारी आफैं धितो बन्ने भएकाले सवारी कर्जाको दर धितोरहित व्यक्तिगत कर्जाभन्दा कम तर घर कर्जाभन्दा उच्च हुन्छ।
Vehicle loan rates in Nepal vary between banks and depend on the vehicle type (private car, SUV, two-wheeler, electric vehicle or commercial vehicle), whether it is new or used, the loan-to-value ratio, and the borrower's credit profile. Several banks now offer lower rates specifically for electric vehicles (EVs) under green-financing initiatives backed by NRB and Nepal government policy. The table below ranks every bank publishing a vehicle loan rate, lowest first.नेपालमा सवारी कर्जा दर बैंकपिच्छे फरक हुन्छन् र सवारी प्रकार (निजी कार, SUV, दुई-पाङ्ग्रे, विद्युतीय वा व्यावसायिक), नयाँ वा पुरानो, ऋण-देखि-मूल्य अनुपात, र ऋणीको क्रेडिट प्रोफाइलमा निर्भर हुन्छन्। NRB र नेपाल सरकारको नीतिअन्तर्गत हरित-वित्तपोषण अभियानमा धेरै बैंकले अहिले विद्युतीय सवारी (EV) का लागि कम दर दिन्छन्। तलको तालिकाले सवारी कर्जा दर प्रकाशित गर्ने हरेक बैंकलाई न्यून पहिले क्रमबद्ध गर्छ।
The rate matters for both your monthly EMI and your total interest. On a NPR 30 lakh car loan over 5 years, a 1% difference in the rate changes the monthly EMI by roughly NPR 1,200 and the total interest paid by around NPR 72,000 — which is why comparing rates before you sign is worth the few minutes it takes.दरले तपाईंको मासिक किस्ता र कुल ब्याज दुवैमा महत्त्व राख्छ। रू 30 लाखको कार कर्जामा 5 वर्षमा, दरमा 1% अन्तरले मासिक किस्ता करिब रू 1,200 र कुल ब्याज करिब रू 72,000 फेर्छ — त्यसैले हस्ताक्षर गर्नुअघि दर तुलना गर्न लाग्ने केही मिनेट सार्थक हुन्छ।
Rates are indicative and sourced from public bank/NRB data unless marked ✓ Verified. Confirm the current rate and terms directly with the bank before proceeding.
How to read the range: banks price floating loans as base rate + a premium. The first figure is the lowest premium the bank publishes, which goes to its strongest borrowers; most people pay somewhere between the two figures. Banks are ranked by the starting rate. "Fixed offer" is a fixed-rate scheme.दायरा कसरी पढ्ने: बैंकले फ्लोटिङ कर्जामा आधार दरमा प्रिमियम थपेर ब्याज तोक्छन्। पहिलो अंक बैंकले प्रकाशित गरेको सबैभन्दा कम प्रिमियम हो, जुन बलियो ग्राहकले पाउँछन्; धेरैजसोले दुई अंकको बीचमा तिर्छन्। बैंकहरू सुरुको दरअनुसार क्रमबद्ध छन्।
Want each bank's monthly EMI for your own amount? See it on Sasto Karja, our loan comparison site.आफ्नो रकममा हरेक बैंकको मासिक किस्ता हेर्न चाहनुहुन्छ? हाम्रै कर्जा तुलना साइट सस्तो कर्जा मा हेर्नुहोस्।
Today's spread across banks
4.55%Lowest starting rate · Agricultural Dev. Bank
5.72%Median starting rate, 46 banks
9.59%Highest starting rate · Janaki Finance Co.
On a Rs 30,00,000 vehicle loan over 5 years, the lowest starting rate costs about Rs 55,997 a month and the highest about Rs 63,138: a difference of Rs 4,28,419 over the loan. Your own rate depends on the premium the bank gives you, so ask for it in writing.
Vehicle loan EMI calculator
Monthly EMI–
Total interest–
Total repaid–
Rate pre-filled with today's median starting vehicle loan rate. Banks also charge a one-time service fee, valuation and insurance, so ask for the full cost before you sign. For a year-by-year schedule and the EMI at every bank, use the full vehicle loan EMI calculator.
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Private car, jeep or van (petrol, diesel or electric)
60%
40%
Private two-wheeler
60%
40%
Large electric vehicle for public transport
80%
20%
Example: a Rs 40 lakh EV needs at least Rs 16 lakh of your own money; the bank can lend up to Rs 24 lakh. Offers advertising "80% finance" apply to public-transport EVs or to hire-purchase deals with different terms, so read them carefully.
EV or petrol: what changes for the loan
The down-payment rule is the same for private EVs and petrol cars, but several banks run green-loan schemes with a lower rate or a smaller service fee for EVs. Because EVs also cost far less to run, the total cost over a 5-year loan is often lower even when the sticker price is higher.
Ask the bank whether its EV rate is a separate product, and try both rates in the EMI calculator above to see the real difference.
Before you sign: a checklist
Compare at least three banks; dealer-arranged finance is not always the cheapest.
Ask for the full cost: service fee, valuation, comprehensive insurance (required while the loan runs) and ownership transfer charges.
Check the tenure. A longer loan lowers the EMI but raises the total interest.
Ask about prepayment if you may clear the loan early.
Remember the blue book: the bank is recorded as the financier until you repay, and you need its release letter to sell the vehicle.
The bank at the top of the comparison table above currently publishes the lowest vehicle loan interest rate. Loans are ranked lowest-first because a lower rate means a cheaper loan and a lower monthly EMI.माथिको तुलना तालिकाको शीर्षमा रहेको बैंकले हाल सबैभन्दा कम सवारी कर्जा ब्याज दर प्रकाशित गर्छ। कम दरको अर्थ सस्तो कर्जा र कम मासिक किस्ता हुने भएकाले कर्जा न्यून पहिले क्रमबद्ध गरिएका छन्।
Most Nepali banks offer vehicle loan tenures of 3 to 7 years for private vehicles. A shorter tenure means a higher monthly payment but less total interest paid. Commercial-vehicle loans may have different maximum tenures.अधिकांश नेपाली बैंकले निजी सवारीका लागि 3 देखि 7 वर्षको सवारी कर्जा अवधि दिन्छन्। छोटो अवधिले मासिक भुक्तानी बढाउँछ तर कुल ब्याज घटाउँछ। व्यावसायिक-सवारी कर्जाको अधिकतम अवधि फरक हुन सक्छ।
Yes. Several Nepali banks have dedicated green or EV loan products with lower interest rates to encourage electric-vehicle adoption, in line with NRB and Nepal government policy. Check the specific bank's EV loan terms when comparing.दिन्छन्। NRB र नेपाल सरकारको नीतिअनुरूप विद्युतीय सवारी प्रवर्द्धन गर्न धेरै नेपाली बैंकसँग कम ब्याज दर भएका समर्पित हरित वा EV कर्जा उत्पादन छन्। तुलना गर्दा सम्बन्धित बैंकको EV कर्जा सर्त जाँच्नुहोस्।
For a private car, jeep or two-wheeler, NRB caps the loan at 60% of the vehicle's value, so you pay at least 40% as down payment. This applies to private electric vehicles too. Large electric vehicles used for public transport can be financed up to 80%.निजी कार, जीप वा दुई-पाङ्ग्रेका लागि नेपाल राष्ट्र बैंकले सवारीको मूल्यको बढीमा 60% मात्र कर्जा दिन दिन्छ, त्यसैले कम्तीमा 40% आफैँ तिर्नुपर्छ। निजी विद्युतीय सवारीमा पनि यही नियम लागू हुन्छ। सार्वजनिक यातायातका ठूला विद्युतीय सवारीमा भने 80% सम्म कर्जा पाइन्छ।
It can be. Some banks price commercial-vehicle loans differently from private ones, and rates can also differ for two-wheelers, used vehicles and EVs. Check the specific product terms when comparing.हुन सक्छ। केही बैंकले व्यावसायिक-सवारी कर्जालाई निजीभन्दा फरक मूल्य निर्धारण गर्छन्, र दुई-पाङ्ग्रे, पुराना सवारी र EV का लागि पनि दर फरक हुन सक्छ। तुलना गर्दा सम्बन्धित उत्पादन सर्त जाँच्नुहोस्।
Prepayment rules vary by bank. Some allow partial or full prepayment without penalty; others charge a fee for early repayment. Read the loan agreement carefully before signing if you plan to pay the loan off early.अग्रिम भुक्तानी नियम बैंकअनुसार फरक हुन्छ। कतिले जरिवानाबिना आंशिक वा पूर्ण अग्रिम भुक्तानी दिन्छन्; अरूले समयअघि भुक्तानीमा शुल्क लिन्छन्। समयअघि कर्जा तिर्ने योजना छ भने हस्ताक्षर गर्नुअघि कर्जा सम्झौता ध्यानपूर्वक पढ्नुहोस्।
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.प्रमाणित चिन्हको अर्थ हो — बैंकले सार्वजनिक स्रोतबाट होइन, Byajdar को पार्टनर पोर्टलमार्फत सिधै दर पुष्टि गरेको हो। त्यस बैंक र उत्पादनका लागि प्रमाणित दरले स्क्र्याप गरिएको डेटालाई सधैं प्रतिस्थापन गर्छ।
At least 40% of the vehicle's value for a private vehicle. On a Rs 40 lakh car, that is Rs 16 lakh upfront and a maximum loan of Rs 24 lakh, before registration, insurance and bank fees.
