Kathmandu, Aug 29: Banks participating in the 18th NADA Auto Show 2026 have introduced a range of attractive auto loan schemes, offering customers relatively lower interest rates, flexible repayment periods, reduced service fees and special facilities for electric vehicle loans.
A total of 13 commercial banks from the government and private sectors are participating in the auto show. Their auto loan interest rates range from 4.66% to 5.99%, although loan terms, interest rate structures and other charges vary by bank.
Agricultural Development Bank is offering the lowest rate, at 4.66%, for loans of up to seven years. It is also offering a 33.33% discount on service fees and interest rate premiums. For EV purchases, the bank will finance up to 80% of the vehicle’s value.
Nepal Bank is offering auto loans at 4.94% throughout the auto show.
Rastriya Banijya Bank is offering loans at 5.02% on a floating interest rate, with a repayment period of up to seven years. Customers can borrow up to Rs 10 million. The service fee has been reduced from the usual 0.75% to 0.50% during the show.
Nabil Bank is offering loans at 5.17%, with financing available against a 20% down payment. Under the scheme, customers pay 20% as a down payment, another 20% through a credit card and the remaining 60% through a bank loan.
NIC Asia Bank is offering a fixed interest rate of 5.99% for up to seven years. It also provides loans under a floating rate. For EVs, the bank can finance up to 80% of the vehicle’s value.
Global IME Bank is offering EV loans at 5.17%. For a seven-year loan, the rate will remain at 5.17% for the first three years. For the remaining four years, the rate will be based on the prevailing base rate plus 2%.
Machhapuchchhre Bank is offering auto loans at 5.45% for up to 10 years, giving customers a longer repayment period than the seven years offered by most other banks. Its service fee has been reduced from 0.50% to 0.25% during the show.
Prabhu Bank is offering loans at 5.44%, with a maximum premium of 0.50% over the base rate.
Laxmi Sunrise Bank is offering seven-year floating rate loans at 5.49%, with a 0.50% service fee.
Kumari Bank, Nepal SBI Bank, Siddhartha Bank and Nepal Investment Mega Bank are offering rates of 5.21%, 5.54%, 5.96% and 5.13%, respectively. These banks are offering loans for up to seven years at floating rates, with a 0.50% service fee.
The banks have competed not only on interest rates but also on loan tenure, service charges, down payment requirements and financing limits for EV purchases.
People’s News Monitoring Service
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