KATHMANDU: Intense competition has emerged among major commercial banks to provide loans for vehicle purchases in Nepal. As lending rates have fallen in recent months, more customers are taking auto loans, prompting banks to expand credit aggressively in this segment.…

KATHMANDU: If you are planning to buy a vehicle with bank financing, this could be the most favourable time for you as bank interest rates are currently at a five-year low. Three years ago, loan interest rates had reached 15–16%.…

KATHMANDU: Nepal Rastra Bank (NRB) has directed banks to provide up to 80% financing for the purchase of vehicles to businesses and enterprises affected by the Gen Z protest of September 8 and 9. Issuing a circular on Friday, the…

KATHMANDU: In a bid to restore consumer confidence shaken by the recent Gen Z protests, the government is preparing to ease auto loan provisions by reducing the mandatory down payment to 20% of a vehicle’s price. The Nepal Rastra Bank…

KATHMANDU: Commercial banks are fiercely competing to offer auto loans to car buyers. Targeting the ‘NADA Auto Show 2025,’ which began on August 19, banks have introduced auto loan schemes with low interest rates. On one hand, the banking system…