Vehicle Loan Calculator
Calculate EMI for car loans, bike loans, and other vehicle financing in Nepal.
Calculate Vehicle Loan
Loan Breakdown
Vehicle loans in Nepal
Banks and finance companies offer vehicle loans with 20-40% down payment requirement. Interest rates vary by vehicle type and bank.
• Down payment: 20-40% of vehicle price
• Interest rate: 12-16% per year
• Tenure: Up to 5-7 years
• Processing fee: 1-2%
Interest rates by vehicle type:
• New car: 12-14%
• Used car: 14-16%
• Motorcycle: 13-15%
• Electric vehicle: 10-12% (lower due to subsidies)
• Commercial vehicle: 13-15%
Additional costs:
• Vehicle registration & tax
• Insurance (mandatory)
• Maintenance
• Fuel costs
FAQs
How much down payment do I need?
Minimum 20-30% for new vehicles, 30-40% for used vehicles. Higher down payment means lower EMI and less interest paid.
Can I get 100% vehicle finance?
Very rare. Most banks require at least 20% down payment. Some may finance 80-85% for salaried customers with good credit.
What documents do I need?
Citizenship, driving license, salary slips (3-6 months), bank statements, income tax returns (for self-employed), vehicle quotation.
Can I prepay my vehicle loan?
Yes, most banks allow prepayment after 6-12 months, sometimes with 1-2% penalty. Check your loan agreement.
Do electric vehicles get better rates?
Yes! EVs often get 1-2% lower interest rates and government subsidies. Check current EV loan programs.