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Follow-up from our previous blog: NADA Auto Show 2024
As the NADA Auto Show 2024 ignites excitement among automotive enthusiasts, banks are stepping up with exclusive auto loan rates, tenures, and attractive financing options tailored specifically for event participants. These auto loan offers are available only to those who attend the show, which concludes on Sunday, September 1. Here’s a comprehensive overview of the current offerings:
| Bank Name | Fixed Rate | Floating Rate | Tenure |
| Nabil Bank | 8.49% (7 years) | - | 7 years |
| Nabil Bank | 8.25% (5 years) | - | 5 years |
| NIMB Bank | - | Base rate + 1% (7.64% + 1% = 8.64%) | 5-7 years |
| Machhapuchchhre Bank Limited | - | Base rate + 0.5% (8.50% + 1% = 9.50%) | 8 years (6 years for EV) |
| Himalayan Bank | - | Base rate + 0.5% (8.86% + 0.5% = 9.36%) | 8 years |
| Sanima Bank | 8.49% | - | Max 10 years for new, 5 years for used, 7 years for EVs |
| ADBL | 8.99% | - | 7 years |
| Mahalaxmi Bikash Bank | 9.99% | - | 5-8 years |
| Laxmi Sunrise | 8.99% | - | 7 years |
| Bank Name | Financing | Other Offer |
| Nabil Bank | Up to 80% EV loan, 50% Auto loan (private), Auto loan commercial | Up to 70% of VAT Bill and land/building with minimum 50% Distress Value covering the loan size. Credit card facility up to NPR 2 lakhs. |
| NIMB Bank | Up to 80% EV loan, 50% Auto loan (private), Hire Purchase: Up to 80% | - |
| Machhapuchchhre Bank Limited | Up to 70% EV loan, 50% Auto loan | - |
| Himalayan Bank | Up to 80% EV loan, 50% Auto loan (private), 80% Auto loan (commercial) | - |
| Sanima Bank | Up to 80% EV loan, 50% Auto loan (private), 80% Auto loan (commercial) | - |
| ADBL | Up to 80% | - |
| Mahalaxmi Bikash Bank | Up to 80% | - |
| Laxmi Sunrise | Up to 80% | Free Visa ATM, iBank, and mobile money services for 1 year |
Nabil Bank
NIMB Bank
Machhapuchchhre Bank Limited
Himalayan Bank
Sanima Bank
ADBL
Mahalaxmi Bikash Bank
Laxmi Sunrise Bank
These offers are designed to make the transition to a new vehicle—whether it be a traditional automobile or an electric vehicle—more accessible to a broader audience. Remember, these offers are exclusive to attendees of the NADA Auto Show 2024, so if you're planning to make a purchase, now is the time to act.
The NADA Auto Show 2024 is marking a significant shift towards electric vehicles (EVs), underscoring a growing trend in the Nepali automotive market. This year, the show is dominated by a variety of EVs, particularly from Chinese manufacturers, which are setting new benchmarks in the industry.
Chinese electric vehicle (EV) manufacturers are making a powerful impact at the NADA Auto Show 2024, unveiling a diverse lineup of innovative and technologically advanced models that appeal to a wide range of consumers. Leading the charge are brands like Zeekr, Xpeng, and Dongfeng Nammi, each showcasing vehicles that blend cutting-edge technology with sleek, modern design.
For example, Zeekr has introduced its luxury compact SUV, the Zeekr X, which is available in both single-motor and dual-motor configurations. With impressive driving ranges and premium features, the Zeekr X is rapidly establishing itself as a key player in the luxury EV market.
Similarly, Xpeng has drawn significant attention with its Xpeng G6, a sleek SUV that combines a coupe-like design with state-of-the-art safety and autonomous driving technologies, making it a top contender in the mid-range EV segment.
Additionally, the Avatr 11 from another emerging Chinese brand boasts a remarkable driving range of up to 680 km, demonstrating significant advancements in battery efficiency and energy management.
These vehicles are not just about cutting-edge technology; they are a testament to the growing influence of Chinese automakers in the global EV market, offering high performance, reliability, and sustainability.
The growing focus on EVs at NADA Auto Show 2024 is a reflection of the broader global shift towards sustainable transportation. In Nepal, this shift is gaining momentum as consumers become more environmentally conscious and as the government encourages the adoption of cleaner energy vehicles. The event also showcases how these vehicles are not just limited to urban use; models like the Radar RD6, an electric pickup truck, highlight the versatility and ruggedness that EVs can offer.
It’s important to note that all the loan and financing options available for these vehicles are exclusive to participants who attend the NADA Auto Show 2024. The event runs until Sunday, September 1, so don’t miss your chance to explore these cutting-edge vehicles and take advantage of the exclusive offers. For more details on financing, check out our Saral Banking Sewa, where we offer tailored solutions to make your EV purchase even more accessible.
