Nada Ate-Sho: Which bank gives loans at what rate to buy a car?
लगानी न्यूज
Kathmandu. Commercial banks offer loans at cheaper interest rates to buy vehicles. In recent times, as the automobile market is gradually moving, banks have also started giving loans including higher purchases and auto loans at cheaper interest rates.
Interest rates of banks have been steadily declining over the years. For the past one-and-a-half years, banks have been continuously reducing the interest rate on loans. The bank’s base rate has been cheaper lately. With the reduction in the base rate, the interest rate of loans of banks is also declining, due to which customers who buy vehicles at this time will get loans at a cheaper rate of interest.
TAG_OPEN_div_77 Banks have announced interest rates till mid-August. Banks provide loans within different limits throughout the month of August. The bank’s interest rate will change after August. According to nrb’s provision, banks have to declare interest rates for the coming months at the middle of every month.
According to this arrangement, there may be some change in the bank’s interest rate. The 17th edition of ‘NADA Auto Show’, which began on Tuesday, has featured vehicles of different brands. The show will run till September 15. The bank has been giving additional discounts to the customers who book vehicles in this show.
Rastriya TAG_OPEN_div_73 Banijya Bank (RBB) has announced to provide 10 per cent interest rate to its customers purchasing petroleum vehicles and 8.50 per cent interest rate on loans up to Rs 7 billion for electric vehicles. Rastriya Banijya Bank (RBB) has been investing 10 per cent interest rate on higher purchase loans for 5 to 10 years and up to 11 per cent for loans above 10 years. The bank has also fixed the same interest rate on vehicle loans during the same period.
Prabhu Bank provide TAG_OPEN_div_71 s higher purchase loans to its customers by adding a premium of 2 percent to 4 percent at the base rate. Yes Bank provides loans to its customers for personal auto loans by adding 2 percent to 4 percent interest on the base rate on five-year loans. Auto loans from five years to eight years are invested by adding a premium of 2.50 percent to 4.50 percent at the base rate. Yes Bank provides loans at the same rate of interest for personal higher purchase loans. The bank has a base rate of 6.43 per cent.
NMB Bank offer TAG_OPEN_div_69 s auto loans at an interest rate of 2.5 to 4.5 per cent at the base rate. Similarly, customers taking electric personal vehicles are given loans by adding a premium of 0.5 percent to 2.5 percent on the base rate, while the purchase of ev{TAG_OPEN_u_41{TAG_CLOSE_u_41}} on the business side is invested by adding a premium of 1 percent to 3 percent in the bus rate. Similarly, while purchasing public commercial EVs, yes bank invests loans by adding a premium of 2 to 4 percent at the base rate. The current base rate of the bank is 6.13 percent.
Similarly, NIC Asia Bank offer TAG_OPEN_div_67 s auto loans up to 10 years at an interest rate of 9.60 per cent. On the other hand, Nepal SBI Bank charges 9.99 per cent interest rate on personal and commercial auto loans and higher purchase loans for five years. The bank offers loans at an interest rate of 10.49 per cent for loans above five years.
TAG_OPEN_div_65 Sbi Bank has fixed interest rates ranging from 0.25 per cent to 2.25 per cent at the base rate on faulting interest rate for individual EV purchases. Similarly, for the purchase of other vehicles at faulting interest rate, the premium rate has been fixed from 0.50 percent to 2.50 percent on the base rate. In the purchase of official EVs, the bank invests in loans by adding a premium of 0.25 percent to 2.25 percent to the base rate.
Similarly, Prime Commercial Bank offer TAG_OPEN_div_63 s prime higher purchase loans to its customers at an interest rate ranging from 9 per cent to 11 per cent. Similarly, Nepal Investment Mega Bank has been providing auto loans to its customers at an interest rate of 6.28 percent to 8.28 percent for the month of August. According to the bank, the interest rate for EVs is also the same.
Nepal Bank offers loan TAG_OPEN_div_61 s ranging from 6.13 percent to 8.13 percent for auto loans up to five years. For higher purchase loans, the bank offers loans at an interest rate ranging from 6.63 per cent to 8.63 per cent. The bank charges 7.13 percent to 8.13 percent interest on the purchase of commercial vehicles.
Similarly, Nabil Bank has been investing in personal auto loans by adding a premium of 1 to 3 percent to the base rate in the month of August. TAG_OPEN_div_59 The bank invests in commercial auto loans by adding a premium of 3 to 4 percent to the base rate.
Customers purchasing tractor TAG_OPEN_div_57 s will be able to avail loans from this bank by adding a premium of 3 to 4 percent to the base rate. The bank provides loans to customers buying individual EVs by adding a premium of 1 to 3 percent to the base rate, while customers who buy commercial EVs are given loans by adding a premium of 3 to 4 percent. Nabil has a base rate of 5.74 percent.
Machhapuchchhre Bank has announced that it will invest in auto loans (space fic) by adding 0.50 percent to 2.50 percent premium at the base rate and 1 percent to 3 percent in the base rate towards auto loan (normal). TAG_OPEN_div_55 Similarly, loans are given at 0.50 percent to 2.50 percent interest rate for commercial vehicles (special fic) and 2.4 percent for normal. The bank charges 9.50 per cent for loans up to five years, 10.50 per cent for loans above five years and 11.50 per cent for auto loans above 10 years.
Laxmi Sunrise Bank has been offering auto loans to its customer TAG_OPEN_div_53 s at an interest rate ranging from 7.99 percent to 11.99 percent till August. The bank also provides loans to customers buying electric vehicles at the same rate of interest. Kumari Bank has been providing loans for auto loans (private) by adding a premium of 2 percent to 4 percent to the base rate.
The bank has TAG_OPEN_div_51 a base rate of 6.44 per cent. According to the bank, the bank has been taking loans on the higher purchase loan (commercial) by adding a premium of 3 percent to 4 percent at the base rate. The bank offers loans at an interest rate of 8.99 per cent for customers above five years of age at a fixed rate.
Himalayan Bank offer TAG_OPEN_div_49 s 8.50 per cent interest rate on private loans up to seven years and 9.50 per cent on higher purchase commercial loans. Global IME Bank provides loan TAG_OPEN_span_40 s by adding a premium ranging from 1.50 percent to 3.50 percent on the base rate while lending at faulting interest rate in auto loans.
Global currently TAG_OPEN_span_39 has a base rate of 5.60 per cent. The bank offers auto loans at a fixed interest rate ranging from 8.99 per cent to 10.99 per cent. Similarly, the bank offers loans for higher purchase loans by adding a premium of 2.50 percent to 4.50 percent at the base rate on faulting loans. Yes Bank charges an interest rate ranging from 10.99 percent to 12.99 percent while giving loans at fixed interest rate for higher purchase.
Everest Bank offers vehicle loans and higher purchase loans for up to seven years at an interest rate of 7.49 per cent. TAG_OPEN_div_45 This bank is going to provide faulting loans. Yes Bank has informed that the interest rate will be increased for the customers who take loans by keeping a period higher than the specified period of the bank. Agriculture Development Bank (ADB) offers loans at an interest rate of 10.65 per cent on higher purchase.
Bank provides this loan for a period of two years and above. Similarly, the bank also provides auto loans for auto loans above two and a half years at an interest rate of 10.65 percent.
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