Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has brought flexibility in vehicle loans under special circumstances.
The central bank has amended the integrated directive issued in the name of banks and financial institutions today. Currently, the banks and financial institutions are required to maintain a maximum of 60 percent ratio of the loan value of the vehicles while issuing loans for the purchase of electric vehicles for all purposes or personal other vehicles for private purposes.
According to the amended provision, the loan-value ratio can be maintained up to 80 percent while issuing loans for large electric vehicles and vehicles being used commercially in industries and business establishments directly affected by the Genji agitation.
