June 7, Kathmandu — Nepal Rastra Bank has decided to increase the loan-to-value (LTV) ratio for large electric vehicles. The central bank is introducing this adjustment through the upcoming fiscal year’s monetary policy to facilitate easier access to loans for such vehicles.
Currently, the loan-to-value ratio for electric vehicles and other private-use vehicles is set at 60 percent, meaning that loans cover up to 60 percent of the vehicle’s value. However, for commercial vehicles directly impacted by the Gen Z movement and used in industries and businesses, including transportation, where damages require replacement, the loan-to-value ratio can be extended up to 80 percent.
