{"id":1828,"date":"2026-04-22T05:45:35","date_gmt":"2026-04-22T05:45:35","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=1828"},"modified":"2026-04-22T05:46:00","modified_gmt":"2026-04-22T05:46:00","slug":"car-loans-get-cheaper-as-interest-rates-fall-to-record-lows-in-nepal","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=1828","title":{"rendered":"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/english.bankingkhabar.com\/?attachment_id=1829\" rel=\"attachment wp-att-1829\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1829\" src=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg\" alt=\"\" width=\"913\" height=\"488\" srcset=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg 1000w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int-300x161.jpg 300w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int-768x411.jpg 768w\" sizes=\"auto, (max-width: 913px) 100vw, 913px\" \/><\/a>Banking Khabar \/<\/strong> People planning to buy vehicles on installment now have a major advantage as loan interest rates continue to drop month by month, making borrowing cheaper than ever.<\/p>\n<p style=\"text-align: justify;\">According to Nepal Rastra Bank, the average base rate of commercial banks have fallen to around <strong>5.12%<\/strong>, bringing lending rates down to historic lows. Just three years ago loan interest rates had reached as high as 15-16%, but they have now dropped to around<strong> 7% on average.<\/strong><\/p>\n<p style=\"text-align: justify;\">Customers can even secure loans at 5.5% to 6% interest from banks with lower base rates, especially if they negotiate well. Banks typically adds up to a 5% premium on a base rate, but due to excess liquidity in the banking system, some borrowers are managing to get loans with as little as <strong data-start=\"838\" data-end=\"860\">0.5% to 1% premium<\/strong>.<\/p>\n<p style=\"text-align: justify;\">Banks are also offering fixed-rate auto loans at competitive rates, ranging from<strong> 7%<\/strong> to <strong>9 -10%<\/strong> with repayment periods of <strong>5 to 7 years.<\/strong><\/p>\n<p style=\"text-align: justify;\">Lower interest rates means lower costs for borrowers, monthly payments are reduced, making vehicle ownership more affordable.<\/p>\n<p style=\"text-align: justify;\"><strong>Some Banks Even Offer Cheaper Loans<\/strong><\/p>\n<p style=\"text-align: justify;\">Out of 20 commercial banks, 5 now have base rates below 5%.<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Rastriya Banijya Bank &#8211; 4.36%<\/span><\/li>\n<li><span style=\"color: #000000;\">Standard Chartered Bank Nepal &#8211; 4.52%<\/span><\/li>\n<li><span style=\"color: #000000;\">Everest Bank &#8211; 4.73%<\/span><\/li>\n<li><span style=\"color: #000000;\">Nabil Bank &#8211; 4.91%<\/span><\/li>\n<li><span style=\"color: #000000;\">Nepal Bank &#8211; 4.98%<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Borrowers may access loans from these banks at around <strong>5.5%<\/strong> or <strong>slightly higher, <\/strong>depending on negotiation. However, Standard Chartered is currently not issuing auto loans.<\/p>\n<p style=\"text-align: justify;\">Several Other Banks, including Agricultural Development Bank, Global IME, Nepal Investment Megha Bank, Sanima, Prabhu, NMB, and Machhapuchchhre Bank, have base rates between <strong data-start=\"1735\" data-end=\"1750\">5% and 5.5%<\/strong>, offering loans around <strong data-start=\"1774\" data-end=\"1788\">6% to 6.5%<\/strong>.<\/p>\n<p style=\"text-align: justify;\" data-start=\"1791\" data-end=\"1995\">Meanwhile, banks like Laxmi Sunrise, Nepal SBI, Siddhartha, Kumari, Citizens, Himalayan, and Prime Commercial have base rates between <strong data-start=\"1925\" data-end=\"1940\">5.5% and 6%<\/strong>, with auto loan rates typically around <strong data-start=\"1980\" data-end=\"1994\">7% to 7.5%<\/strong>.<\/p>\n<p style=\"text-align: justify;\" data-start=\"1997\" data-end=\"2105\">Among all, NIC Asia Bank has the highest base rate at <strong data-start=\"2051\" data-end=\"2060\">6.41%<\/strong>, making its loans relatively more expensive.<\/p>\n<div class=\"\" style=\"text-align: justify;\" data-turn-id-container=\"request-WEB:010182d2-f541-4a74-8e2c-b7ed1170414a-6\" data-is-intersecting=\"true\">\n<section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-WEB:010182d2-f541-4a74-8e2c-b7ed1170414a-6\" data-testid=\"conversation-turn-14\" data-scroll-anchor=\"false\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"bb2fbfed-c21b-463a-94fc-946764b06717\" data-message-model-slug=\"gpt-5-3\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-start=\"2124\" data-end=\"2309\" data-is-last-node=\"\" data-is-only-node=\"\">With interest rates at record lows, this is one of the best times in recent years to take out a vehicle loan in Nepal, especially for buyers looking to reduce long-term borrowing costs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]\" style=\"text-align: justify;\" aria-hidden=\"true\"><\/div>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Banking Khabar \/ People planning to buy vehicles on installment now have a major advantage as loan interest rates continue to drop month by month, making borrowing cheaper than ever. According to Nepal Rastra Bank, the average base rate of commercial banks have fallen to around 5.12%, bringing lending rates down to historic lows. Just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal - Bankingkhabar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=1828\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal - Bankingkhabar\" \/>\n<meta property=\"og:description\" content=\"Banking Khabar \/ People planning to buy vehicles on installment now have a major advantage as loan interest rates continue to drop month by month, making borrowing cheaper than ever. According to Nepal Rastra Bank, the average base rate of commercial banks have fallen to around 5.12%, bringing lending rates down to historic lows. Just [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.bankingkhabar.com\/?p=1828\" \/>\n<meta property=\"og:site_name\" content=\"Bankingkhabar\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-22T05:45:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-22T05:46:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.bankingkhabar.com\/?p=1828\",\"url\":\"https:\/\/english.bankingkhabar.com\/?p=1828\",\"name\":\"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal - Bankingkhabar\",\"isPartOf\":{\"@id\":\"https:\/\/english.bankingkhabar.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/english.bankingkhabar.com\/?p=1828#primaryimage\"},\"image\":{\"@id\":\"https:\/\/english.bankingkhabar.com\/?p=1828#primaryimage\"},\"thumbnailUrl\":\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg\",\"datePublished\":\"2026-04-22T05:45:35+00:00\",\"dateModified\":\"2026-04-22T05:46:00+00:00\",\"author\":{\"@id\":\"https:\/\/english.bankingkhabar.com\/#\/schema\/person\/8d2633fe06a785fdda1bb1cbdd6f0fde\"},\"breadcrumb\":{\"@id\":\"https:\/\/english.bankingkhabar.com\/?p=1828#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/english.bankingkhabar.com\/?p=1828\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.bankingkhabar.com\/?p=1828#primaryimage\",\"url\":\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg\",\"contentUrl\":\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg\",\"width\":1000,\"height\":535},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/english.bankingkhabar.com\/?p=1828#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/english.bankingkhabar.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/english.bankingkhabar.com\/#website\",\"url\":\"https:\/\/english.bankingkhabar.com\/\",\"name\":\"Bankingkhabar\",\"description\":\"Banking News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/english.bankingkhabar.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/english.bankingkhabar.com\/#\/schema\/person\/8d2633fe06a785fdda1bb1cbdd6f0fde\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.bankingkhabar.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/be5b85392e08cabd6d2bfea3c13f6db75126b2fbac0b606a1738e906f65794a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/be5b85392e08cabd6d2bfea3c13f6db75126b2fbac0b606a1738e906f65794a7?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/english.bankingkhabar.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal - Bankingkhabar","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/english.bankingkhabar.com\/?p=1828","og_locale":"en_US","og_type":"article","og_title":"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal - Bankingkhabar","og_description":"Banking Khabar \/ People planning to buy vehicles on installment now have a major advantage as loan interest rates continue to drop month by month, making borrowing cheaper than ever. According to Nepal Rastra Bank, the average base rate of commercial banks have fallen to around 5.12%, bringing lending rates down to historic lows. Just [&hellip;]","og_url":"https:\/\/english.bankingkhabar.com\/?p=1828","og_site_name":"Bankingkhabar","article_published_time":"2026-04-22T05:45:35+00:00","article_modified_time":"2026-04-22T05:46:00+00:00","og_image":[{"width":1000,"height":535,"url":"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/english.bankingkhabar.com\/?p=1828","url":"https:\/\/english.bankingkhabar.com\/?p=1828","name":"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal - Bankingkhabar","isPartOf":{"@id":"https:\/\/english.bankingkhabar.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/english.bankingkhabar.com\/?p=1828#primaryimage"},"image":{"@id":"https:\/\/english.bankingkhabar.com\/?p=1828#primaryimage"},"thumbnailUrl":"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg","datePublished":"2026-04-22T05:45:35+00:00","dateModified":"2026-04-22T05:46:00+00:00","author":{"@id":"https:\/\/english.bankingkhabar.com\/#\/schema\/person\/8d2633fe06a785fdda1bb1cbdd6f0fde"},"breadcrumb":{"@id":"https:\/\/english.bankingkhabar.com\/?p=1828#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/english.bankingkhabar.com\/?p=1828"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.bankingkhabar.com\/?p=1828#primaryimage","url":"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg","contentUrl":"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg","width":1000,"height":535},{"@type":"BreadcrumbList","@id":"https:\/\/english.bankingkhabar.com\/?p=1828#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/english.bankingkhabar.com\/"},{"@type":"ListItem","position":2,"name":"Car Loans Get Cheaper as Interest Rates Fall to Record Lows in Nepal"}]},{"@type":"WebSite","@id":"https:\/\/english.bankingkhabar.com\/#website","url":"https:\/\/english.bankingkhabar.com\/","name":"Bankingkhabar","description":"Banking News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/english.bankingkhabar.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/english.bankingkhabar.com\/#\/schema\/person\/8d2633fe06a785fdda1bb1cbdd6f0fde","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.bankingkhabar.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/be5b85392e08cabd6d2bfea3c13f6db75126b2fbac0b606a1738e906f65794a7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/be5b85392e08cabd6d2bfea3c13f6db75126b2fbac0b606a1738e906f65794a7?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/english.bankingkhabar.com\/?author=1"}]}},"featured_image_src":"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/04\/Car-int.jpg","_links":{"self":[{"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/posts\/1828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1828"}],"version-history":[{"count":2,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/posts\/1828\/revisions"}],"predecessor-version":[{"id":1831,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/posts\/1828\/revisions\/1831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=\/wp\/v2\/media\/1829"}],"wp:attachment":[{"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.bankingkhabar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}