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…

KATHMANDU: Bank and financial institutions disbursed Rs 6.84 billion in hire purchase loans to finance motor vehicle purchases in the first 11 months of the current fiscal year 2024/25, a 5.51% growth compared to the same period of the previous…