Agreement between Nepal Investment Mega Bank and Sipradi

KATHMANDU:Nepal Investment Mega Bank and Sipradi Trading Pvt Ltd, the official Tata vehicle official dealer in Nepal, have inked a loan agreement for electric vehicles. 

After the agreement, customers who purchase Tata electric vehicles will receive a financing facility with a total interest rate of 8.82 percent, plus an additional 1 percent over the existing bank base rate.

The provision is available for seven years to Tata Tiago EV, Nexon EV, Tigor EV, and the eagerly anticipated Tata Panch EV in Nepal.

The bank states that within three working days, it is possible to easily and hassle-free acquire up to 80% of the transaction amount.