Nabil Bank Fixes 8.25% Interest on Auto Loan for 7 Years
10th August 2025, Kathmandu
In today’s fast-paced world, owning a car is a necessity for many, providing freedom, convenience, and independence. But the dream of buying a vehicle can often feel out of reach due to the high costs.
Nabil Bank Auto Loan
That’s where Nabil Auto Loan comes in. Designed to make car ownership accessible, this loan offers a simple and flexible way to finance your vehicle, so you can get on the road without years of waiting and saving. With competitive interest rates, a quick approval process, and personalized support, Nabil Bank helps you turn your dream car into a reality.
Nabil Auto Loan is more than just a financial product; it’s a partnership designed to get you behind the wheel with ease. The loan is structured with your convenience in mind, offering features that simplify the borrowing process and help you manage your finances effectively.
Key Features of Nabil Auto Loan
Nabil Bank’s auto loan is built to be flexible and customer-friendly. Here’s what makes it stand out:
- Attractive and Competitive Interest Rates: You get affordable financing with rates designed to fit your budget.
- Quick Loan Processing: The process involves minimal paperwork and a smooth approval, so you can get your car faster.
- Flexible Loan Tenure: You can choose a repayment period of up to 7 years, giving you the flexibility to select a plan that fits your financial situation.
- Equated Monthly Installments (EMI): The repayment system is based on a reducing principal balance, making your EMIs manageable and easy to track.
- Personal Counseling: Nabil Bank’s loan experts are available to guide you at every stage, ensuring you understand all aspects of your loan and make informed decisions.
- Customized Financial Solutions: The loan plans are tailored to meet individual needs, whether you’re a salaried employee, a business owner, or a professional.
- Wide Branch Network: With Nabil Bank’s extensive network, you can apply and process your loan from a branch that’s convenient for you.
Financing Options for Every Vehicle Type
Nabil Auto Loan offers various options to cover different types of vehicles, ensuring you get the right financing for your needs.
For a new private vehicle, you can get a loan of up to NPR 8 million with a repayment period of up to 7 years. The bank can finance up to 50% of the VAT bill. If you’re purchasing a new commercial vehicle, you can also borrow up to NPR 8 million, with a tenure of up to 5 years, and a financing ratio of up to 70% of the VAT bill with property collateral.
For those considering a used vehicle, whether private or commercial, the bank offers up to NPR 3 million, with a tenure of up to 6 years. The vehicle’s age must be a maximum of 7 years at the time the loan matures, and the bank can finance up to 50% of its valuation. If you’re looking to refinance, you can also get a loan of up to NPR 3 million for the remaining tenure, covering up to 50% of the valuation.
Recognizing the growing importance of sustainability, Nabil Bank also offers a specific loan for electric vehicles. You can borrow up to NPR 8 million with a tenure of up to 7 years, financing up to 60% of the VAT bill. For a semi-commercial vehicle, the loan amount is up to NPR 5 million with a tenure of up to 6 years, and financing of up to 70% of the VAT bill.
Eligibility and Required Documents
Applying for a Nabil Auto Loan is a straightforward process, but it’s essential to meet the eligibility criteria and have the necessary documents ready.
All applicants and co-applicants must be between 21 and 65 years of age. You must have a stable income and the ability to repay the EMIs, which should not exceed 50% of your gross monthly income after accounting for other loan obligations.
For a smooth application process, you will need to provide:
- Identification: Passport-size photos, a copy of your citizenship or passport, and a marriage certificate if applicable.
- Income Proof: A salary certificate for salaried individuals, audited financial statements for business owners, or proof of pension.
- Financials: The last 6 months of bank statements and your latest tax clearance documents.
With Nabil Auto Loan, you can own your dream car faster with flexible payment options and personalized support every step of the way. Whether you’re buying new, used, electric, or commercial vehicles, Nabil Bank offers the right financing to suit your needs.
For More: Nabil Bank Auto Loan
