With the upcoming festive season and the highly anticipated NADA Auto Show 2024, banks in Nepal are gearing up to offer attractive car loan schemes. Leading the charge, the government-owned National Commercial Bank has introduced the ‘RBB Vehicle Loan Festive Offer,’ featuring an exceptionally low-interest rate of 7.77% on auto loans.

This special offer allows customers to avail loans of up to one crore rupees, with a fixed interest rate of 7.77% for a period of up to seven years. The scheme is available from today and will run through the end of Kartik, providing ample time for customers to take advantage of this attractive financing option.

The ‘RBB Vehicle Loan Festive Offer’ is accessible through any branch of National Commercial Bank across the country, ensuring widespread availability. The bank is offering flexible loan facilities tailored to different vehicle types, providing up to 80% financing for electric cars, 50% for petrol cars, and 70% for organizations. The service fee for availing this loan is set at 0.50% of the loan amount, making it an appealing choice for prospective car buyers.

As the NADA Auto Show 2024 approaches, this festive loan offer is expected to attract a significant number of customers looking to purchase new vehicles. The combination of the low-interest rate, flexible financing options, and nationwide availability makes it one of the most competitive auto loan schemes in the market.

This initiative by National Commercial Bank reflects its commitment to supporting sustainable transportation by providing favorable loan terms for electric vehicles. As the auto show draws near, the bank’s festive offer positions it as a key player in the vehicle financing sector, likely to drive a surge in car sales during this festive season.