What interest rate do Nepal banks offer for EV loans?

As of mid-2026, Nepal banks and financial institutions offer EV loans at roughly 5.4%-9.23% annual interest, generally lower than petrol vehicle loan rates as part of green financing incentives. Rates vary by bank, loan tenure, and your credit profile — confirm the current rate with your lender.

How much down payment is required for an EV loan in Nepal?

Following Nepal Rastra Bank's 2025 monetary policy review, EV loans are capped at 60% loan-to-value, meaning a minimum down payment of 40% of the vehicle's price. The remainder is typically financed over a tenure of 3-7 years.

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Vehicle price — NPR 42.5 Lakh

NPR 20LNPR 200L

Down payment — 40%(NPR 17.0L)

40% (NRB minimum)80%

Interest rate — 9% p.a.

5% (lowest reported)15%

Loan tenure — 5 years (60 months)

1 year7 years