Kathmandu. The demand for vehicle loans in banks has shown a slight improvement. Nepal Rastra Bank (NRB) has released the fiscal year 2081/ 2019/20. The figures of 82 show this.
According to the data, 20 commercial banks have extended vehicle loans worth Rs 113.79 billion in the review year. Last year 2080 in this title. Rs 106.86 billion was disbursed in 1981. Vehicle loans increased by only 5.82 percent in the review period compared to the previous year.
In the review year, 10 banks’ car loans have decreased while the remaining 10 have increased. Global IME is at the forefront of providing the highest number of vehicle loans, while Everest Bank is ahead in terms of growth rate.
In the review year, Global IME provided the highest vehicle loan of Rs 15.58 billion. In the previous fiscal year, the bank had disbursed rs 13.97 billion in vehicle loans. Compared to the previous year, the bank’s vehicle loan flow increased by 11.49 percent in the review year.
In the second phase, Nabil has taken a car loan of Rs 11.43 billion. In the previous fiscal year, the bank had disbursed Rs 10.80 billion in vehicle loans. Nabil has provided 5.80 percent more vehicle loans in the review year compared to the previous year.
Rastriya Banijya Bank is the third largest vehicle lending bank. In the previous fiscal year, the bank disbursed rs 6.30 billion in vehicle loans, while it disbursed Rs 9.62 billion in the review period. The bank’s car loan increased by 52.66 percent in the review year compared to the previous year.
Vehicle loans from commercial banks
