What is the minimum down payment for a car loan in Nepal?

As per Nepal Rastra Bank (NRB) guidelines, the minimum down payment for a car (4-wheeler) is 20% of the vehicle price.

What is the minimum down payment for a motorcycle in Nepal?

NRB mandates a minimum down payment of 15% for two-wheelers (motorcycles and scooters).

Do electric vehicles have different loan terms in Nepal?

Yes. The Nepal government and NRB have incentivized EV adoption with lower interest rates (typically 8–10% vs 10–13% for petrol cars) and favorable terms to encourage green vehicles.

What is the maximum loan tenure for a vehicle in Nepal?

NRB allows up to 7 years for cars and commercial vehicles, and up to 5 years for motorcycles and scooters.

How is the EMI calculated?

EMI uses the standard reducing balance formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.

Which banks in Nepal offer vehicle loans?

Most commercial banks and development banks in Nepal offer vehicle loans, including NIC Asia, Nabil, Standard Chartered, Kumari, Laxmi Sunrise, Mega Bank, and many others.

Are the interest rates shown accurate?

The rates shown are typical ranges as of 2024–2025. Actual rates vary by bank, your credit profile, and market conditions. Always confirm the current rate with your bank.

Does this calculator include insurance costs?

No. The calculator covers the loan principal, interest, and EMI only. Vehicle insurance (mandatory in Nepal) and registration costs are additional.

What is the minimum down payment for commercial vehicles?

NRB requires a minimum 25% down payment for commercial vehicles (trucks, buses, etc.).

Can I use this for refinancing an existing vehicle loan?

Yes. Enter the outstanding balance as the vehicle price, set down payment to 0%, and use the refinanced rate and tenure to calculate new EMI.

Nepal Vehicle Loan Calculator

Nepal vehicle loan EMI calculator per NRB guidelines.

Updated Mar 2026100% Private — runs in browser

Vehicle Type

Minimum 20% down payment required per NRB directive. Maximum loan tenure: 7 years.

Vehicle Price (NPR)

₨

₨ 25,00,000

Down Payment %NRB Min: 20%

Down payment: ₨ 5,00,000

Annual Interest Rate (%)Typical: 10–13%

Loan Tenure (Years)Max: 7 years

Monthly EMI

₨ 43,985

per month for 5 years

Loan Amount

₨ 20,00,000

Down Payment

₨ 5,00,000

Total Interest

₨ 6,39,113

Total Payment

₨ 26,39,113

Principal: 76%Interest: 24%

For informational purposes only. Actual rates, terms and eligibility are subject to bank policy and NRB regulations. Interest rates are indicative for 2024–2025.

How to Use Nepal Vehicle Loan Calculator

1
Select your vehicle type: Car, Motorcycle/Scooter, Electric Vehicle, or Truck/Commercial.
2
Enter the vehicle price in NPR.
3
Set your down payment percentage — the tool shows the NRB minimum required.
4
Enter the annual interest rate (typical Nepal ranges are shown for each vehicle type).
5
Select loan tenure in years (maximum allowed per NRB is shown for each type).
6
Review the calculated EMI, total interest, and total payment amount.
7
Scroll down to view the full month-by-month amortization table.
8
Compare different scenarios by adjusting inputs — results update instantly.

About Nepal Vehicle Loan Calculator

Planning to finance a vehicle in Nepal? The Nepal Vehicle Loan Calculator calculates your monthly EMI based on NRB (Nepal Rastra Bank) guidelines — covering cars, motorcycles, electric vehicles, and commercial vehicles with full amortization schedules in NPR.

NRB Minimum Down Payments

Car (4-Wheeler): 20% minimum, up to 7 years tenure, 10–13% typical rate
Motorcycle/Scooter: 15% minimum, up to 5 years tenure, 12–14% typical rate
Electric Vehicle: 20% minimum, up to 7 years, 8–10% subsidized rate
Commercial Vehicle: 25% minimum, up to 7 years, 11–14% typical rate

Features

EMI, total interest, and total payment calculated instantly
Principal vs interest visual breakdown bar
Full month-by-month amortization table
NRB compliance alerts if down payment is below minimum

All calculations are done locally in your browser. Rates shown are typical 2024–2025 ranges — always confirm current rates with your bank.