Global IME Bank signs agreement with Shasheela Motors

KATHMANDU:A Memorandum of Understanding has been struck by Global IME Bank and Shasheela  Motors to facilitate electric vehicle loans.

The MoU was signed by Narahari Silwal, Head of the Bank's Small and Medium, Retail, and Agricultural Credit Department, and Santosh Khatiwada, Managing Director on behalf of Shasheela Motors.

According to the agreement, the bank will disburse the loan within three working days of receiving an application from the bank's branch office, along with the necessary documents and details, from individuals or companies interested in purchasing electric vehicles sold by Shasheela  Motors and the company's official sales representatives.

To promote green financing, the bank has been making loans to electric vehicles at reasonable interest rates.

The bank provides 'auto loan' and 'hire purchase' loans to individual customers for rental purposes.

Considering the convenience of the customers, the bank has been introducing various timely schemes to customers.

The bank's customers have received excellent service from over 1,100 service locations, which include 354 branch offices, 379 ATMs, 277 branchless banking services, 68 extension and revenue collection counters, and three international representative offices.