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  Nepalese loans: get a loan with the lowest interest rates in Nepal !

 

Borrowing money can be an interesting way to be able to make investments (fe in a business, house, study), bridging financial difficult times or to buy expensive (consumer) goods like cars, motorcycles or household appliances. As interest rates may vary dramatically amongst different financial institutions it is wise to carefully study these differences before getting a loan. www.loans.com.np want to help you by providing an overview of interest rates of different financial institutions for different types of loans.

Car/auto/motor cycle loans
Name of bank   Lowest Highest checked
Rastriya Banijya Bank   8,0% 9,0% 03-07-09
Nepal Bank   7,5% 10,0% 16-06-09
Bank of Kathmandu   9,0% 12,0% 07-05-09
Machhapuchchhre Bank Limited   9,0% 10,0% 25-01-09
Nabil bank   9,0% 10,5% 15-03-09
Nepal Bangladesh Bank   9,0% 11,0% 16-01-09
Everest bank   9,0% 10,5% 05-05-09
Nepal Investment Bank Ltd   9,0% 11,0% 19-01-09
Citizens’ International Bank   10,0% 11,5% 15-04-09
Kumari Bank   9,0% 11,0% 20-12-08
more interest rates of car/motor cycle loans        
         
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Mortgages and/or home loans
Name of bank   Lowest Highest checked
Rastriya Banijya Bank   7,0% 9,5% 03-07-09
Nepal Bank   7,5% 10,0% 16-06-09
Nic bank   8,0% 12,0% 16-03-09
Machhapuchchhre Bank Limited   8,5% 11% 25-01-09
Himalayan Bank Ltd   8,5% 10,0% 16-03-09
Global Bank   9,0% 12,0% 28-11-08
Kumari Bank   9,0% 10,5% 20-12-08
Nepal Bangladesh Bank   9,0% 13,0% 16-01-09
Citizens’ International Bank   9,5% 11,5% 15-04-09
Lumbini bank   9,0% 11,5% 18-01-09
more interest rates of mortgages and home loans        
         
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Personal loans
Name of bank   Lowest rate Highest rate checked
Nepal Bank   7,5% 10,0% 16-06-09
Nabil bank   9,0% 13% 15-03-09
Kumari Bank   9,0% 12,0% 20-12-08
Bank of Asia Nepal   9,0% 15,0% 06-03-09
Nic bank   9,5% 12,0% 18-12-08
Everest bank   9,5% 11,0% 05-05-09
Sanima   10,0% 11,5% 15-03-09
Siddhartha bank limited   10,0% 11,25% 29-11-08
Rastriya Banijya Bank   10,0% 10,0% 03-07-09
more interest rates of personal loans        
         
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Educational loans
Name of bank   Lowest rate Highest rate checked
Rastriya Banijya Bank   7,5% 8,5% 03-07-09
Machhapuchchhre Bank Limited   10,0% 10,0% 25-01-09
Bank of Kathmandu   10,5% 10,5% 05-07-09
Kumari Bank   10,5% 10,5% 20-12-08
Citizens’ International Bank   10,5% 11,5% 15-04-09
Nepal Bangladesh Bank   10,0% 10,0% 16-01-09
Lumbini bank   10,0% 10,0% 18-01-09
Nepal SBI Bank Ltd   11,0% 11,0% 09-04-09
Prime Commercial Bank   11,0% 11,0% 11-01-09
Sanima   11,0% 14,0% 15-03-09
Sunrise Bank   10,5% 11,5% 17-04-09
Nic bank   10,5% 12,0% 16-03-09
         
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Central bank
Nepal Rastra bank
Central bank of Nepal
 
Latest bank news
26-06-2009:
As part of its initiative to extend modern banking facilities to the people living in remote villages, Everest Bank Limited (EBL) has launched Ghar Dailo Banking Sewa -- a mobile banking service -- in Bhaktapur. The service launched on Wednesday is being offered in five VDCs including Nagarkot, Gundu.

A board meeting of Nepal Rastra Bank (NRB) on Thursday decided to immediately make public the “due diligence report” (a detailed report of a bank) on the status of Bank of Kathmandu (BoK). The BoK management had recently withdrawn a case filed against NRB--the central bank--against an NRB decision, taken a month ago, to take over the management of BoK.

16-06-2009
Himalayan Bank Limited opened a branch in Swayambhu Tuesday, its 22nd branch so far. Bank Chairman Manoj Bahadur Shrestha inaugurated the new branch

NMB Bank has brought its ninth branch into operation from Monday. The newly opened branch in Thaiba of Lalitpur district, was inaugurated by NMB Chairman Pawan Kumar Golya. The bank is planning to open two more branches within the current fiscal year so that the total number of branches reaches 11.

13-06-2009
Kumari Bank has opened a new branch in Butwal. The branch was inaugurated by Shiva Ratan Sharada, chairman of the bank, on Friday, according to the bank.

12-6-2009
The trading of ordinary shares of Citizen Bank International (CBI) and Bank of Asia (BoA)-Nepal started in the Nepal Stock Exchange (NEPSE) from Thursday. The NEPSE--the sole secondary market in the country--had listed the shares of both commercial banks for trading a few days ago

08-06-2009
The increase in the number of financial institutions in the country has also pushed up interest rates. Financial institutions — especially commercial banks — are offering higher interest rates to their customers. Within the last six months, interest rates have gone up to as high as 10.5 per cent, which was at around only three to four per cent until last year. Read more.

05-06-2009
A meeting of the Securities Board of Nepal (Sebon) today decided to send a warning letter to NMB Bank to be careful in handling primary issues and other documentation work.
It may be recalled that while managing the primary isue of Sunrise Bank, NMB Bank had lost track of at least 47 application forms after the data entry

01-06-09
An agreement has been signed between NIC Bank, Bank of Asia Nepal and Kist Bank to provide banking services to customers from any of their branches. Their customers can deposit, withdraw and transfer money from any branch of these three banks. Customers will get the banking facilities through about 70 branches of those banks across the country.

more bank news

Other topics
Development Banks Nepal

Microcredit and microfinance

Notice

At the moment we are doing our very best to gather us much information about interest rates of different type of loans in Nepal.
If you want to add the rates of other banks or financial institutions, or want to report a mistake, please send your comments to loans.com.np@gmail.com

Note: (more) information about interest rates of educational or study loans will be available soon.

 

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03-07-2009