KATHMANDU: Interest rates on auto loans have fallen sharply in Nepal, with some banks now offering floating-rate loans at below 5%. The average base rate of commercial banks has declined significantly, allowing banks to offer loans at lower rates. Some…

KATHMANDU : Nepal Rastra Bank (NRB) has introduced new rules aimed at making vehicle financing more transparent and customer-friendly. The central bank issued the “Policy and Procedural Provisions for Granting Approval to Hire Purchase Companies, 2070 (Sixth Amendment 2083)” on…

KATHMANDU: Demand for vehicle purchase loans has increased sharply in the first half of FY 2025/26 (mid-July 2025 to mid-January 2026). Hire purchase lending for vehicles has grown at a much faster pace compared to overall credit expansion. According to…