Nabil Bank Auto Loan Nepal: Fixed 8.25% Interest for 7 Years on New & Used Cars
4th June 2025, Kathmandu
Cars have become essential for daily life. They offer comfort, safety, and freedom to travel on your schedule. However, buying a car outright can be costly. Years of saving or arranging large sums often delay car ownership. To ease this burden, Nabil Bank offers its Auto Loan facility. This loan makes owning a vehicle simple, affordable, and quick.
Nabil Bank Auto Loan Nepal
Nabil Auto Loan combines competitive interest rates, flexible terms, and fast processing to help you drive home your dream car. Whether it’s a new private car, commercial vehicle, or even an electric vehicle, Nabil has tailored solutions for all types of buyers.
Why Choose Nabil Auto Loan?
Nabil Bank understands how important it is to own a car today. They designed this loan with your convenience in mind. Here are the key benefits:
Attractive interest rates that reduce your financial load.
Quick loan approval with minimal documentation.
Flexible tenure of up to 7 years, so you can repay comfortably.
EMI-based repayment with interest charged on the reducing principal.
Personalized counseling throughout the process.
Wide branch network for easy access anywhere in Nepal.
This combination makes Nabil Auto Loan one of the most competitive and customer-friendly financing options in the market.
Financing Options For Every Vehicle Type
Nabil Bank offers specialized financing depending on the vehicle you want:
New Private Vehicles
If you plan to buy a new private car, you can get a loan up to NPR 8 million. The loan tenure can extend up to 7 years. The bank finances up to 50% of the VAT bill, making it easier to afford the latest models.
Commercial Vehicles
For business owners, loans up to NPR 8 million are available with a tenure of up to 5 years. The bank finances up to 70% of the VAT bill. To secure the loan, collateral such as land or a building with at least 50% distress value covering the loan is required.
Used Vehicles
Used cars have become a practical choice for many. Nabil provides loans up to NPR 3 million for used vehicles. The vehicle’s age should not exceed 7 years at the time the loan matures. The financing covers up to 50% of the vehicle’s valuation.
Electric Vehicles
With growing environmental concerns, electric vehicles are gaining popularity. Nabil supports this shift with loans up to NPR 8 million and financing up to 80% of the VAT bill. The tenure can be up to 7 years, encouraging more customers to go green.
Semi-Commercial Vehicles
For semi-commercial vehicles, the bank offers loans up to NPR 5 million with a tenure of 6 years. Financing covers up to 70% of the VAT bill.
Clear and Fair Eligibility Criteria
Nabil Bank follows strict but fair eligibility rules to ensure responsible lending:
The applicant or co-applicant must be at least 21 years old when applying.
The maximum age at loan maturity should not exceed 65 years.
The borrower’s EMIs across all loans should not exceed 50% of their gross income after deducting other obligations.
Salaried individuals must have permanent employment status.
Self-employed applicants need at least two years of commercial business operation.
Transport operators (registered or unregistered) must show two years of experience in commercial transport.
The bank also requires proof of stable income through bank statements and tax receipts. These checks protect both the borrower and the bank, ensuring smooth loan repayment.
Transparent fees
Nabil Bank is committed to transparency in all its fees:
Loan Administration Fee: 0.75% of the loan amount.
Commitment Fee: 0.15% of the unutilized loan limit.
Prepayment Fee: It depends on when you repay early.
Within 2 years: 0.75% of the prepaid amount.
Between 2 and 5 years: 0.375%.
After 5 years: 0.15%.
Fixed interest loans always have a 0.75% prepayment fee.
CIC Charge: Charged on an actual basis.
All other charges follow Nepal Rastra Bank’s directives.
Knowing the fees upfront helps borrowers plan better and avoid surprises later.
Required Documents: Prepare In Advance
To ensure a quick and smooth loan process, prepare these documents:
Two passport-size photos.
Citizenship or passport copy.
Relationship or marriage certificate (if applicable).
Bank account statements for at least 6 months.
Salary certificate (for salaried individuals).
Audited financials for business owners.
Recent tax payment receipts or tax clearance certificates.
For commercial vehicles: renewed blue book and route permit.
Firm or company registration certificates (if applicable).
Partnership deed or Articles of Association (AOA) for companies.
Having these ready saves time and prevents delays.
Personalized Support Through Every Step
Applying for a loan can be confusing. Nabil Bank offers personalized support to guide you through every stage—from document submission to loan disbursal and repayment. Their expert counselors tailor the loan structure based on your financial capacity and needs.
Nabil’s friendly staff also provides advice on vehicle options, helping you choose the best fit for your lifestyle or business.
Convenient Access With Wide Branch Network
Nabil Bank has branches across Nepal, making it easy for you to access loan services regardless of where you live. Whether you’re in Kathmandu, Pokhara, or a smaller town, you can apply locally and receive expert assistance.
This wide reach ensures that car financing is not limited to big cities alone. More people can benefit from the bank’s efficient service.
Why Now Is the Best Time To Apply?
Interest rates remain competitive, and the bank has simplified the approval process. Plus, the rise of electric vehicles offers new, eco-friendly options for buyers. With flexible tenures and affordable EMIs, there has never been a better time to buy your car.
Owning a vehicle opens many doors—better job access, business growth, family convenience, and more. Nabil Auto Loan helps make these benefits a reality faster than ever.
Final Thoughts: Drive Your Dreams Forward
Nabil Auto Loan is the perfect tool to make car ownership simple and stress-free. With attractive rates, fast approvals, and personalized service, owning your dream vehicle is no longer a distant goal.
Prepare your documents, visit the nearest branch, and talk to the loan experts. Choose the vehicle that fits your needs and budget. Nabil Bank will partner with you every mile of the way.
Own your car today — for comfort, convenience, and a better tomorrow.
For more: Nabil Bank Auto Loan Nepal
