A vehicle loan is secured against the vehicle itself and usually runs over a shorter term than a home loan. Because the term is shorter, the rate matters most for your monthly instalment rather than for total interest, but a lower rate still saves money.
Vehicle loan rates differ between banks and may depend on whether the vehicle is private or commercial. The table below ranks every bank publishing a vehicle loan rate, lowest first.
Lowest Vehicle Loan Rates in Nepal — Bank Comparison
2 Banks| # | Bank | Interest Rate | Action |
|---|---|---|---|
| 1 |
NBL
Nepal Bank LimitedLowest
|
9.10% | |
| 2 |
SIDE
Siddhartha Bank
|
9.75% |
Which bank offers the lowest vehicle loan rate in Nepal?
The bank at the top of the table above currently publishes the lowest vehicle loan interest rate. Loans are ranked lowest-first because a lower rate costs the borrower less.
How much can I borrow for a vehicle in Nepal?
Banks lend a percentage of the vehicle's value, with the rest paid as a down payment. The maximum financing ratio and tenure vary by bank and by vehicle type, so confirm before applying.
Is the interest rate different for private and commercial vehicles?
It can be. Some banks price commercial vehicle loans differently from private ones. Check the specific product terms when comparing.
What does the ✓ Verified badge mean?
It means the bank confirmed the rate directly through Byajdar's partner portal. Verified rates override scraped data for that bank and product.