Agreement between Nabil Bank and Sipradi Trading for easy financing

KATHMANDU:Nabil Bank and Sipradi Trading Pvt Ltd, the authorized distributor of Tata Motors in Nepal, have signed a memorandum of agreement to provide loans.

Buyers interested in purchasing the Tata Tiago EV may now obtain an easy loan of up to 80% through Nabil Bank Limited offices throughout Nepal.

According to the agreement, individuals or organizations interested in purchasing the Tata Tiago EV will be able to obtain a simple and accessible loan at a 9.99 percent interest rate from any Nabil Bank office.

According to Sipradi, an agreement has been reached to make loans available to people and organizations interested in purchasing Tata vehicle in accordance with Nepal Rastra Bank rules. Those who want to buy Tata's Tiao EV can get an easy loan of up to 80% through Nabil Bank Limited branches in Nepal with a down payment of Rs 5 lakh 29 thousand.

Tiago EV is the most popular hatchback in Nepal's electric four-wheeler sector. So far, over 1,600 Tiago EVs have been sold in Nepal.

The company has informed us that this number is rapidly increasing as all Tiago EV buyers are satisfied. The Tiago EV may now be bought with a downpayment of Rs 5 lakh 29 thousand.