Auto Loan in Nepal | Low Interest Rates, Fast Approval || Kamana Sewa Bikash Bank

Looking for a straightforward way to finance your next vehicle? An auto loan in Nepal from Kamana Sewa Bikas Bank gives you competitive interest rates, flexible repayment terms of up to 7 years, and financing for new, used, or commercial vehicles. Whether you're buying your first car or upgrading to a bigger one for business use, our auto loan is built to get you on the road without unnecessary delay. Not sure what your monthly payment would look like? Try our EMI Calculator before you apply.

Interest Rates

Our auto loan interest rates start from 1.5% per annum, depending on the vehicle type, loan tenure, and your income profile. Rates are reviewed periodically in line with Nepal Rastra Bank guidelines. See our current interest rates →

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Financing Available For

Personal car financing
Used personal car financing
Taxi financing
Commercial/Semi-commercial vehicle financing
Vehicle for business use

Who Can Apply

Nepalese citizen, minimum age 23 years, maximum age 70 years at loan maturity
Individuals with a stable and verifiable source of income
Firms, partnerships, and companies duly registered with the concerned government authority
Sufficient income and cash flow to comfortably service the loan installment
Salaried applicants can also set up EMI auto-debit through our Salary Saving Account

Benefits

Competitive interest rates
Quick processing time
Easy documentation. Salaried employees, professionals, and business owners can all apply with the income proof that fits their situation.
Self-employed applicants without vehicle collateral needs may also want to look at our Professional Loan , a non-collateral option for working professionals.
Personalized service from application through disbursement
Not sure how much you can afford? Use our Loan Affordability Calculator to estimate your budget before applying.

Features

4 wheelers and above

Vehicle Segments

1. Loan to Value (LTV)
- a. Private Vehicles
  - Individual: Up to 60%
  - Entity: Up to 60%
- b. Commercial Vehicles
  - Individual/Entity: Up to 80% (Up to 60% in case of EV)
- c. Semi-Commercial Vehicles / Green Plated Vehicles
  - Individual/Entity: Up to 60%
2. Loan Tenure
- Maximum: up to 7 years (5 years in case of Electric Vehicles)
3. Loan Limit
- Minimum: NPR 0.4 Million per vehicle
- Maximum: NPR 15 Million per vehicle

Required Documents

Ready to submit these? Find your nearest branch to get started.

Copy of Citizenship
PP size Photograph (applicable for all).
Copy of Quotation of the Vehicle for New Vehicle.
Valuation Report from Bank’s approved Valuers for used Private Vehicle.
Salary Certificate (for salaried employees).
Certified Statement of Income (for professionals).
Contracts/ Agreements (for individuals with fixed Income Sources).
Registration Document at the concerned Nepal Government Office and Tax Office (for firms/companies).
Memorandum of Articles and Association (if Private Limited).
Partnership Deed (for Partnership firm).
Board Resolution (if Private Limited and Institutions).
At least 2 years past audited financials for business income.

Frequently Asked Questions

What is an auto loan?

An auto loan is a financing facility that lets you purchase a new or used vehicle, car, truck, taxi, or commercial vehicle, and repay the amount over a fixed period through manageable installments, instead of paying the full price upfront.

What is the interest rate for an auto loan in Nepal?

Our auto loan interest rates start at 1.5% per annum, depending on the vehicle type, loan tenure, and your income profile. See our current interest rates for full details.

How much down payment is required for an auto loan?

Based on our loan-to-value ratio, private vehicle buyers should plan for a minimum down payment of 40% (individual or entity), while commercial vehicle buyers may need as little as 20% down (40% for electric commercial vehicles), since financing goes up to 80% (60% for EV) on that category.

Can I get an auto loan for a used vehicle?

Yes. Kamana Sewa Bikas Bank finances both new and used private vehicles, subject to a valuation report from the bank's approved valuers.

What is the maximum loan amount and tenure?

Loan amounts range from a minimum of NPR 0.4 million to a maximum of NPR 15 million per vehicle. Tenure runs up to 7 years for standard vehicles and up to 5 years for Electric Vehicles, depending on the vehicle category and loan-to-value ratio.

Auto loan