In today's fast-paced world, having a vehicle is essential for easy and secure travel. Auto loans simplify owning a car with low interest rates, straightforward paperwork, and fast approval. No need for long-term planning or saving – just pick your ideal car, and banks will assist you in making it yours effortlessly.
Monthly EMI
0Principal
0Interest Payable
0Total Payable
0| Year | Principal | Interest | Total Payment | Balance |
|---|---|---|---|---|
| 2025 + | $500 | $50 | $550 | |
| 100 | 100 | 100 | 100 | |
| 2025 + | $500 | $50 | $550 | |
| 100 | 100 | 100 | 100 |
Floating Rate - 8.78%
Fixed Rate – 9.25% for upto 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 7 Years
Floating Rate - 6.74% - 8.74%
Fixed Rate – 8.99%
Processing Fee - Up to 0.75%
Loan Tenure 5 - 5 Years
Floating Rate - 7.78% - 9.78%
Fixed Rate – 8.99%
Processing Fee - Up to 0.75%
Loan Tenure 1 - 12 Years
Floating Rate - 6.23% - 8.23%
Fixed Rate – 9.99% for Upto 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 2 - 7 Years
Floating Rate - 5.8% - 7.8%
Fixed Rate – 7.49% for upto 7 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 0 - 7 Years
Floating Rate - 5.63% - 7.63%
Fixed Rate - N/A
Processing Fee - Up to 0.75%
Loan Tenure 5 - 7 Years
Floating Rate - 6.04% - 8.29%
Fixed Rate – 8.99% for Up to 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 7 Years
Floating Rate - 7.58% - 9.58%
Fixed Rate – 13.00% for upto 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 10 - 20 Years
Floating Rate - 8.24% - 9.74%
Fixed Rate – 7.50%
Processing Fee - Up to 0.75%
Loan Tenure 1 - 8 Years
Floating Rate - 7.34% - 9.34%
Fixed Rate – 7.33% for 1 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 5 Years
Floating Rate - 10.94%
Fixed Rate – 9.00%
Processing Fee - Up to 0.75%
Loan Tenure 1 - 12 Years
Floating Rate - 7.52% - 9.52%
Fixed Rate – 9.50% for upto 10 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 10 Years
Floating Rate - 6.75% - 8.75%
Fixed Rate – 7.99% - 11.99% for upto 15 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 9 Years
Floating Rate - 6.15% - 8.65%
Fixed Rate – 9.50% for upto 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 8 Years
Floating Rate - 7.01% - 9.01%
Fixed Rate – 9.50%
Processing Fee - Up to 0.75%
Loan Tenure 1 - 10 Years
Floating Rate - 6.48% - 7.48%
Fixed Rate – 10.00% for Upto 7 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 1 - 10 Years
Floating Rate - 7.82%
Fixed Rate – 10.65% for 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure - ....
Floating Rate - 7.61% - 10.11%
Fixed Rate – 8.00% for upto 7 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 0 - 5 Years
Floating Rate - 8.31%
Fixed Rate – 9.50% for upto 5 Year(s)
Processing Fee - Up to 0.75%
Loan Tenure 0 - 6 Years
Floating Rate - 7.44% - 9.44%
Fixed Rate – 11.50%
Processing Fee - Up to 1%
Loan Tenure 1 - 5 Years
Floating Rate - 10.37%
Fixed Rate - N/A
Processing Fee - Up to 1%
Loan Tenure 1 - 7 Years
Floating Rate - 11.25%
Fixed Rate – 13.00%
Processing Fee - Up to 1%
Loan Tenure 1 - 7 Years
Floating Rate - 10.44%
Fixed Rate – 14.00% for Up to 7 Year(s)
Processing Fee - Up to 1%
Loan Tenure 1 - 10 Years
Floating Rate - 7.06% - 9.06%
Fixed Rate – 15.25%
Processing Fee - Up to 1%
Loan Tenure 1 - 10 Years
Floating Rate - 9.96%
Fixed Rate – 8.49%
Processing Fee - Up to 1%
Loan Tenure 1 - 5 Years
Floating Rate - 10.49%
Fixed Rate – 11.00%
Processing Fee - Up to 1%
Loan Tenure 3 - 5 Years
Floating Rate - 11.41%
Fixed Rate – 7.99%
Processing Fee - Up to 1%
Loan Tenure 1 - 8 Years
Do’s | Don’ts |
| Do explore for the best loan: Compare interest rates, terms, and fees from different banks to find the most favorable deal. | Do not focus solely on monthly payments: While it's essential to consider monthly payments, also pay attention to the overall cost of the loan, including interest rates and fees. |
| Do set a budget: Determine how much you can afford to borrow and the monthly payments you can comfortably make without straining your finances. | Do not borrow more than you need: Stick to the amount necessary to purchase the car and avoid unnecessary add-ons that increase the loan amount. |
| Do consider all involved costs: Consider not only the purchase price but also taxes, fees, insurance, and potential maintenance costs when budgeting for a car. | Do not forget about insurance costs: Insurance is a recurring expense. Factor in the cost of insurance when determining your overall budget. |
| Do gather all necessary documentation. | Do not forget any documents while applying for a loan recheck before submitting. |
| Do understand the loan terms: Clearly understand the interest rate, loan term, monthly payments, and any associated fees before signing the loan agreement. | Do not ignore the loan term: A longer loan term may lead to lower monthly payments but can result in higher overall interest costs. Strike a balance that fits your budget. |
Yes, if you are a self-employed individual with your business in commercial operation for at least 2 years. Otherwise, you can not apply without a permanent job.
Depending on the banks, the down payment amount for an auto loan varies. However, it typically ranges between 20% to 30%, and some banks may offer 10% in their special schemes.
The monthly EMI for a car loan is the installment payment amount that you have to pay every month during the loan’s life. It varies based on the loan amount, interest rate, and tenure.
If your auto loan has a floating interest rate, the monthly payment can vary because of a change in interest rate due to the fluctuating market conditions.
In simpler terms, the fixed interest rate remains the same throughout the loan tenure, ensuring constant monthly payments. Meanwhile, floating interest rates can fluctuate depending on the market condition.
A floating interest rate is a type of interest rate on an auto loan that changes periodically based on the financial condition of the market. It can rise or fall, making EMI payments vary over the loan tenure.
Some banks offer lower interest rates for electric vehicles (EVs) than conventional fuel-based vehicles to encourage green energy.
Yes, you can get an auto loan for a second-hand car from some banks. However, the interest rate, down payment, and loan tenure scheme for second-hand cars may differ from those for new cars.
To use our Saral Banking Sewa’s auto loan EMI calculator, you need to enter the loan amount, interest rate, and loan tenure. It’s that easy!
You can use our auto loan comparison tool to find the cheapest auto loan option in Nepal based on the latest interest rates.
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