Loans.com.np - interest rates in Nepal

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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
Nepal Bank   9,0% 11,0% 20-02-10
Rastriya Banijya Bank   10,0% 11,0% 20-02-10
Bank of Kathmandu   11,5% 15,0% 27-02-10
Machhapuchchhre Bank Limited   11,5% 13,0% 30-01-10
Nabil bank   11,5% 15,0% 22-01-10
Nepal Bangladesh Bank   11,5% 13,5% 22-01-10
Citizens’ International Bank   12,0% 14,5% 27-01-10
Kumari Bank   11,0% 12,5% 22-01-10
Nepal Investment Bank Ltd   10,0% 12,0% 27-01-10
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Mortgages and/or home loans
Name of bank   Lowest Highest checked
Nepal Bank   9,5% 11,0% 27-01-10
Rastriya Banijya Bank   8,0% 10,0% 27-01-10
Nic bank   10,0% 16,5% 27-01-10
Machhapuchchhre Bank Limited   11,5% 15,0% 30-01-10
Himalayan Bank Ltd   11,0% 16,0% 30-01-10
Global Bank   11,5% 13,0% 03-02-10
Kumari Bank   11,0% 12,5% 22-01-10
Nepal Bangladesh Bank   12,0% 15,5% 22-01-10
Citizens’ International Bank   13,0% 15,0% 27-01-10
Lumbini bank   12,0% 14,0% 03-02-10
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Personal loans
Name of bank   Lowest rate Highest rate checked
Nepal Bank   10,0% 12,0% 27-01-10
Nabil bank   13,0% 16,0% 30-01-10
Kumari Bank   12,0% 13,0% 22-01-10
Rastriya Banijya Bank   11,0% 12,0% 03-02-10
Sanima   12,0% 15,0% 03-02-10
Nic bank   13,0% 17,0% 27-01-10
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Educational loans
Name of bank   Lowest rate Highest rate checked
Nepal Bank   9,5% 10,0% 27-01-10
Machhapuchchhre Bank Limited   12,0% 13,0% 30-01-10
Lumbini bank   11,0% 14,0% 03-02-10
Kumari Bank   11,5% 11,5% 22-01-10
Citizens’ International Bank   13,0% 14,0% 27-01-10
Nepal Bangladesh Bank   15,0% 15,0% 22-01-10
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Central bank
Nepal Rastra bank
Central bank of Nepal
 
Latest bank news
09-03-2010
Sunrise Bank Limited has announced that it would float 7.5 million ordinary shares of Rs.100 each for the shareholders. The agreement was signed between K H Rana, chief executive officer of NIDC Capital Markets Limited and Suman Neupane, managing director of Sunrise Bank

25-02-2010:
The Board of Directors of Bank of Kathmandu has appointed Ajay Shrestha as the Chief Executive Officer. Shrestha has been associated with NMB bank as general manager.

17-02-2010
Rastriya Banijya Bank (RBB) has been able to reduce its non-performing loans (NPL) to 12.98 percent during the second quarter of the current fiscal year from 15.4 percent in the fiNRst quarter. The bank's NPL was 21.6 percent during the second quarter of the last fiscal year.

12-02-2010
Laxmi Bank started operations from its two new branches in Nepalgunj and Butwal on Tuesday. The new branches will join the bank´s western network. “Both Nepalgunj and Butwal have developed as commercial hubs and Laxmi Bank is positioned to offer full-fledged banking services to all segments of the society -- from businesses to individual households,” according to the bank.

10-02-2010
Global Bank Limited has extended its service in Kupandole, Lalitpur, from Wednesday. Chandra Prasad Dhakal, chairman of the bank, inaugurated the 27th branch of the bank. The bank now has 12 branches in the capital and 15 branches outside the capital.

26-01-2010:
Siddhartha Bank registered an operating profit of Rs 243 million during the second quarter of FY '66-67. While inaugurating the bank's new corporate office at Hattisar, Kathmandu, the chairman also said that the bank's total deposit portfolio during the same period stood at Rs 17.5 billion while the total loans and advances amounted to Rs 16.64 billion. The bank also inaugurated its new branch office at Thamel with an aim to extend modern banking services and products to industrialists, businessmen, tourists and the general public.

20-01-2010
Global Bank Ltd opened its 24th branch in Chhetrapati, Kathmandu on Wednesday. Chandra Prasad Dhakal, chairman of the bank, inaugurated the branch. The new branch is the bank´s 11th in the capital.

07-01-2010
Banks in Nepal have revised their lending rates upward in the range of 2.5 to 3.5 percentage points amid long-running liquidity crunch and enforcement of new lending policy by Nepal Rastra Bank.

 

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Other topics
Development Banks Nepal

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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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09-03-2010