Laxmi Intercontinental, Global IME sign deal to extend financing on EVs

KATHMANDU, NOVEMBER 22: Laxmi Intercontinental and Global IME Bank Limited have today signed a Memorandum of Understanding (MoU) related to the financing of Electric Vehicles  at a program in the capital.  Rupendra Wagle, Head of Small and Medium Credit Department of Global IME Bank Limited and Indra Prasad Sapkota, General Manager of Laxmi Intercontinental signed it on behalf of their respective companies.  

As per the deal, customers can now finance their Hyundai EVs via Global IME bank at an interest rate of 12.99%. The vehicles purchased will be delivered to them within 3 working days. Global IME will be the largest bank in Nepal in terms of paid-up capital after the completion of its impending M&A with Bank of Kathmandu Limited. The contract signed between two parties as such is expected to help a large number of EV enthusiasts get easy access to the vehicle of their choice from Hyundai. 

Customers can visit any branch of Global IME or any of the 17 showrooms of Hyundai around the country and contact respective departments to avail of the offers. Hyundai’s Kona and IONIQ 5 are two of the highest-selling EVs in Nepal. 

Hyundai Nepal has been undertaking various socio-economic initiatives to promote electric vehicles under its Be (v) the change initiative in solidarity with Hyundai Motor company’s commitment towards a sustainable future. The company hopes this MOU with one of the largest banks in Nepal makes EV ownership easier for all.