Agreement between Mahalaxmi Bikas Bank and Pioneer Moto Corp

KATHMANDU:Mahalaxmi Bikas Bank has formed an arrangement with Pioneer Moto Corp, Nepal's Nissan car importer.

The bank has reached an agreement with Moto Corp to provide loans at 9.99 percent for the purchase of Nissan brand vehicles.

Customers who purchase Nissan vehicles will be eligible for a 9.99 percent loan from Mahalaxmi Bikas Bank.

Electric vehicles will receive an 80 percent loan for a maximum of 5 years, while non-electric vehicles would receive a 50 percent credit for a maximum of 8 years, according to the bank.

Customers who want to apply for a loan can scan the QR code on the bank's official website, social networks, branch offices, and newspapers.