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Drive Your Dream

The right vehicle can open up more possibilities for the journeys, responsibilities and moments that matter. MHPL provides financing for eligible new vehicles, helping make four-wheeler ownership more accessible with flexible options and clear guidance. Drive your dream car with MHPL while planning your purchase without paying the full cost upfront. Our auto loan options help you spread the cost through manageable instalments, with support to understand the requirements and applicable terms.

Loan at a glance

40% and above

Minimum Down Payment

8% - 9.25%

Starting Rate

12- 120 Months

Max Tenure

Brands

Skoda
Changan
Deepal
Sokon
Hyundai
Ford

Interest Rates

The more you put down, the less you pay in interest

New Auto Loan Rates
DOWN PAYMENT INTEREST RATE TENURE
40% and above 8% 12- 120 Months
Pre-Owned Auto Loan Rates
DOWN PAYMENT INTEREST RATE TENURE
40% 9.25% 60 Months
50% 8.25% 60 Months

EMI Calculator

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NPR

Max: 50L

%

Min: 0%

Max: 11%

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/mo

Total Payable

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Interest Rate:

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Let's get your documents ready

A few documents and you're good to go.

DOCUMENTS REQUIRED INDIVIDUAL APPLICANT

Citizenship copy

Applicant & Guarantor

Valid Driving License
Recent 2 copies photographs
Proof of income source
Residency proof
CICL Report

INSTITUTATIONAL LOAN

Registration Document
PAN/ VAT Registration
Tax Clearance / Audit Report
Supporting Income Related Document

*Note: Required documents may vary depending on the nature of the business/ income. The above are the basic required documents.

ऋणको लागि आवेदन गर्नुहोस्

Flexible Payment Options

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Frequently Asked Question

What vehicles can I finance?

New and eligible used private cars, SUVs, vans and electric cars. For used vehicles, a maximum age of 13 to 15 years and a technical valuation apply, and the loan will be granted for a maximum of 5 years.

How much can I borrow, and what are the terms?

Up to 60% of the vehicle value depending on vehicle conditions/brands, subject to NRB limits, with a tenure of up to 60 months for a used car. Your repayment capacity decides the final amount. For a new car, up to 60% with a tenure of up to 7 years.

Can I use the vehicle for business or taxi use?

Private-use loans are for personal/business use. If you plan to use the vehicle commercially (for example, as a taxi), please apply under the commercial vehicle category so that the right assessment and terms apply.

What income documents are needed?

Salaried: salary certificate, recent salary slips, and bank statements. Self-employment: business registration, tax clearance or returns, and bank statements for 6 months. Any other documents may be requested at the time of the loan process if required for loan assessment.

Do I have to buy from your listed dealers?

New vehicles must be purchased through authorized dealers on our approved list. For used vehicles, we carry out a valuation and ownership verification before approval. You can also buy a used vehicle individually and contact us for a loan before the vehicle is transferred in your name.

Can existing customers get a new or top-up loan?

Yes. Customers with a good repayment record may qualify for faster processing and better terms on a new loan. Please contact us for a better offer.

Ready to ride?
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Licensed and regulated by Nepal Rastra Bank

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