Car Loan
Flexible financing options to make your dream car affordable
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Choose from Nepal's best vehicle financing options
Eligibility Criteria
Check if you qualify for a car loan
Nepali citizen aged 21-60 years
Stable monthly income (salaried or self-employed)
Minimum income of Rs. 30,000 per month
Good credit history / CIBIL score
Valid driving license
Down payment of minimum 20-30% of vehicle price
Required Documents
Documents needed for loan application
Citizenship
Copy of Nepali citizenship certificate
PP Size Photo
2 passport size photographs
Income Proof
Salary slip or tax clearance for 3 months
Bank Statement
Last 6 months bank statement
Driving License
Valid driving license copy
Property Valuation
For collateral-based loans (if applicable)
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Monthly EMI
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Frequently Asked Questions
The maximum loan amount varies by bank, ranging from Rs. 1 Cr to Rs. 2 Cr depending on the vehicle value and your repayment capacity.
Most banks require a minimum down payment of 20-30% of the vehicle price. For used cars, the down payment may be higher at 30-40%.
Loan approval typically takes 2-5 working days after submission of all required documents. Pre-approved customers may get instant approval.
Yes, most banks allow early prepayment. However, some may charge a prepayment penalty of 1-2% of the outstanding amount. Check with your bank for specific terms.
Self-employed individuals can still apply with alternative income proof such as tax returns, business registration, and bank statements showing regular deposits.