Toyota and NIC Asia Announce 5.99% Fixed-Rate Car Loans in Nepal
Photo: Nepal Drives / brand publicity
A new Toyota financing arrangement advertises a 5.99% fixed annual interest rate for terms of up to seven years, subject to bank approval and policy.
Original source: Nepal Drives (October 1, 2026) ↗
Toyota's authorised Nepal distributor, United Traders Syndicate, has partnered with NIC Asia Bank on a vehicle loan offer. According to an October 1 report by Nepal Drives, eligible Toyota buyers can apply for financing at a fixed annual interest rate of 5.99% for up to seven years.
The arrangement also offers a reduction of up to 25 basis points in the loan administration fee. Approval and final terms remain subject to the bank's lending rules, credit assessment and Nepal Rastra Bank requirements.
Compare the full cost
A low advertised rate is useful, but the monthly payment depends on the loan amount, term, fees and any insurance or down-payment requirements. Request a written repayment schedule from the bank before comparing this offer with other auto loans. The offer is a financing arrangement, not a change to Toyota's vehicle list prices.