21st September 2025, Kathmandu
Everest Bank Limited has released its updated interest rates for loans and deposits, effective from 1st Ashwin 2082 (September 17, 2025).
Everest Bank Interest Rate
Everest Bank Limited has released its updated interest rates for loans and deposits, effective from 1st Ashwin 2082 (September 17, 2025). The bank’s base rate is set at 5.15 percent, with a spread rate of 3.54 percent as of the end of Shrawan 2082. The new rates apply to a wide range of financial products for individual, SME, and corporate clients.
Loan and Advance Rates
Everest Bank offers a combination of fixed and floating interest rates on its loans and advances. The fixed rates provide certainty for borrowers, while the floating rates, which are tied to the base rate, offer flexibility.
1. Individual Borrowers:
Fixed Rates: For personal loans, the bank provides fixed rates on several products. Housing and vehicle loans are fixed at 7.49 percent. Hire purchase, flexi, and professional loans are fixed between 9.00 and 10.00 percent. Education loans are fixed at 9.00 percent. Special loans for consumable goods, pension, life insurance policies, and agro loans are generally fixed at 9.00 percent.
Floating Rates: Floating rates for individual loans are determined by adding a premium to the bank’s base rate. For housing and vehicle loans, the floating rate ranges from Base Rate (BR) +1.00 percent to BR +3.00 percent. Hire purchase, flexi, and professional loans have a floating rate from BR +1.00 percent to BR +3.00 percent. Education loans float between BR +2.00 percent and BR +4.00 percent, while other special loans have a floating rate of BR +1.00 percent to BR +3.00 percent.
Special Categories: The bank also offers a 1 percent interest rate relaxation for a variety of disadvantaged groups under its Deprived Sector Loan program, including senior citizens, Dalit, Mukta Kamaiya, Baadi, Haliya, war victims, single women, and disabled individuals.
2. SME Loans:
Everest Bank continues to support small and medium enterprises (SMEs) with tailored financing options.
Fixed and Floating Rates: Term Loans are offered at a fixed rate of 8.50 percent or a floating rate from BR +1.00 percent to BR +3.00 percent.
Floating Rates Only: Working Capital, Short-Term Loans, Demand Loans, and Margin Lending all have floating rates ranging from BR +1.00 percent to BR +3.00 percent.
Deprived Sector Loans: Loans under this category have a fixed rate of 8.50 percent or a floating rate between BR +1.00 percent and BR +3.00 percent.
Special Loans: USD-denominated Foreign Currency Loans are offered as per Nepal Rastra Bank (NRB) regulations. Loans Against Liquid Assets are priced up to 2 percent above the coupon rate of the underlying government bonds, fixed deposits, and national saving bonds.
3. Corporate Loans:
Corporate clients benefit from generally lower spreads on their loans, reflecting their lower risk profile.
Floating Rates: Working Capital, Demand, and Margin Lending have a floating interest rate from BR +0.50 percent to BR +2.50 percent. Short-Term Demand Loans have a floating rate of up to BR +2.00 percent.
Fixed and Floating Rates: Term Loans are fixed at 8.50 percent or float from BR +1.00 percent to BR +3.00 percent. Deprived Sector Institutional Loans are either fixed at 8.50 percent or float between BR +0.50 percent and BR +2.50 percent.
Special Conditions: Consortium loans are subject to the decisions of the consortium partners. A penal interest of 2.00 percent is applied to accounts that become irregular, are placed on a watch-list, or are classified as non-performing.
Deposit Interest Rates
Everest Bank has also updated its interest rates for savings and fixed deposit accounts for both individual and institutional customers.
1. Savings Accounts (NPR):
The bank’s savings products offer competitive annual returns, with rates varying by account type.
Highest Rates: Remittance Plus and Saving Gorkha Regiment accounts both offer a return of 4.00 percent per annum.
Other Accounts: The Everest Maxi Savings account offers 3.00 percent per annum. Other specialized accounts, including Premium, Student, Naari, Baal Baachat, and Social Security accounts, offer rates ranging from 2.75 to 2.80 percent per annum.
2. Fixed Deposits (NPR):
Individual customers can earn tiered interest rates based on the deposit duration.
- Short-Term: 3 to <6 months earn 3.25 percent.
- Mid-Term: 6 months to 1 year earns 3.75 percent.
- Long-Term: Above 1 year to 2 years earns 4.00 percent; above 2 years to 5 years earns 4.25 percent; and above 5 years earns the highest rate of 5.25 percent per annum.
Institutional Depositors: Institutional fixed deposit rates are slightly lower, ranging from 2.75 percent for 6 months to 1 year and increasing to 4.25 percent for deposits above 5 years.
3. Call and Foreign Currency Deposits:
Normal Call Deposits earn up to 1.375 percent per annum.
The bank also offers attractive rates for deposits in major foreign currencies. For US Dollar (USD), savings accounts earn 3.00 percent, call deposits up to 1.50 percent, and fixed deposits 3.25 percent. For Euro (EUR) and Great Britain Pound (GBP), savings accounts earn 2.00 percent, and call deposits up to 1.00 percent.
Remittance-based fixed deposits receive a 1 percent higher interest than normal fixed deposits, encouraging inward remittances.
Strategic Importance of the Rate Update
Everest Bank’s updated interest rates demonstrate its strategy to remain a key player in Nepal’s highly competitive banking sector. By offering a diverse range of products and flexible pricing, the bank aims to attract and retain a wide spectrum of customers. The tiered fixed deposit rates are designed to encourage long-term savings, which provides the bank with stable funding. The emphasis on inclusive banking, through relaxed rates for deprived sectors and special savings products, aligns with both social responsibility and regulatory directives from Nepal Rastra Bank. This comprehensive and transparent update provides a clear framework for customers to plan their finances, whether for borrowing or saving, and reinforces the bank’s position as a reliable financial partner.
For more: Everest Bank Interest Rate