KATHMANDU, Feb 26: The Nepal Rastra Bank (NRB) has tightened banking facilities for the purchase of electric vehicles (EVs) while making it easier for petrol and diesel vehicles.
In its semi-annual monetary policy review of the current fiscal year 2024/25, the NRB reduced the loan-to-value ratio of EVs from 80 percent to 60 percent.
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Conversely, it has eased financing for petrol and diesel vehicles. Earlier, the loan-to-value ratio of such vehicles was 50 percent, which has now increased by 10 percentage points to 60 percent.
As a result, the loan-to-value ratio of both petrol and diesel vehicles and EVs has become equal at 60 percent.
