Nabil e-Auto Loan: Great Initiative to Provide Affordable Loans for Electric Cars in Nepal

Following the launch of several electric vehicles in Nepal, electric cars are slowly going mainstream. That’s an undeniable fact. Plus, the Nepali Government is already planning to build several charging stations at several different points. Let’s just say, electric cars are here to stay.

So, what changes will that bring? Will the changes be good or bad?

Let’s just say that the changes will be good! Furthermore, we are already seeing that change in action. In the latest, Nabil Bank becomes the first bank in Nepal to introduce a new “Auto Loan” dedicated towards electric cars.

According to Nabil e-Auto Loan, you can get financing up to 80% at an interest rate of 9.59% per annum. Furthermore, you can ensure your new vehicle from the get-go at a rate of “Base rate + 1.50% premium”. Moreover, you will get the loan tenure for up to 7 years.

In contrast to the normal Auto Loans, Nabil bank generally provides 50% financing. However, in the case of electric cars, there’s about 80% financing facility.

If you find this interesting and want detailed information. Be sure to visit the nearest Nabil Bank or contact at 01-5542891 or 01-5520431.