Car Loan in Nepal 2026 — Interest Rates, EMI, and Which Bank is Best
Complete guide to getting a car loan in Nepal. Compare interest rates from 12 banks, calculate EMI, and learn what documents you need.
By 4Pangrey Team · May 11, 2026
Car Loan Guide for Nepal 2026
Buying a car with a loan? Here's everything you need to know about auto loans in Nepal.
Bank Interest Rates (2026)
| Bank | Rate (p.a.) |
| NMB Bank | 10.75% |
| Nabil Bank | 10.99% |
| Machhapuchchhre Bank | 10.99% |
| Siddhartha Bank | 11.00% |
| Prabhu Bank | 11.00% |
| Global IME Bank | 11.25% |
| Laxmi Sunrise Bank | 11.25% |
| Sanima Bank | 11.25% |
| NIC Asia Bank | 11.49% |
| Citizens Bank | 11.49% |
| Kumari Bank | 11.50% |
| Nepal Investment Mega | 11.50% |
Documents Required
Citizenship certificate
Salary certificate / income proof
Bank statement (6 months)
Property valuation (for collateral)
2 passport-size photos
Vehicle quotation from dealerKey Terms
Max loan: Usually 70-80% of vehicle price
Tenure: Up to 7 years (84 months)
Processing fee: 0.5-1% of loan amountUse our EMI Calculator to compare monthly payments across all 12 banks.
Pro Tips
NMB Bank currently has the lowest rate at 10.75%
EVs sometimes get preferential rates
Negotiate the processing fee — it's often waivable
Consider a shorter tenure (3-5 years) to save on total interestcar loanEMINepalbankinterest rate2026