Kathmandu. Nepal Rastra Bank (NRB) has introduced new provisions for vehicle loans.

Nepal Rastra Bank (NRB) has amended the Integrated Directive 2082 BS for the banks and financial institutions.

According to the new system of Nepal Rastra Bank, the ratio of loan value of vehicles (loan-to-value ratio) has been increased.

With the new system, public vehicles will be able to provide loans up to 80 percent of the total cost of their vehicles for large electric vehicles.

Previously, only 60 percent of the sales were for electric vehicles. Now it has increased from 60 percent to 20 percent to 80 percent.