Laxmi Intercontinental, Nabil Bank ink MoU on credit facilities

KATHMANDU, NOVEMBER 29 : Laxmi Intercontinental, the sole authorized distributor of Hyundai vehicles in Nepal, has signed an agreement with Nabil Bank Limited to expand financing options for its Electric Vehicles (EVs) and Internal Combustion Engines (ICEs) vehicles. Sujit Kumar Shakya, Sr.DCEO of Nabil Bank Limited, and Indra PrasadSapkota, General Manager of Laxmi Intercontinental yesterday signed the memorandum of understanding. 

As a result, customers can now finance their Hyundai vehicle, EV, or ICE through Nabil Bank at a 12.99% interest rate. Once the bank has verified all of the required documents, the loan will be approved in 3 working days with a 7-year term. The loan financing percentage for EVs is 80% in the case of individuals and 70% for firms.

Likewise, for ICE vehicles up to 50% financing in the case of individuals and 70% for firms. The contract signed between the two parties will enable a large number of car enthusiasts to easily obtain the vehicle of their choice from Hyundai.

Customers can take advantage of this offer by visiting any Nabil Bank branch or any of Hyundai's 17 showrooms across the country. Customers can easily obtain their preferred vehicle with this agreement.

The company aims to make vehicle ownership simpler for everyone with the help of this MOU with one of Nepal's largest banks.