Cimex partners with NMB Bank

KATHMANDU, APRIL 14: Cimex Inc. Pvt. Ltd., the authorized distributor of BYD Auto Industry Co. Ltd. in Nepal, has teamed up with NMB Bank to offer a new bank financing tie-up for BYD electric vehicles. It did so today in a program held today in the capital. This collaboration is said to be a significant step forward for both companies in their efforts to provide Nepalese citizens with eco-friendly transportation options that are both affordable and accessible.

It will enable customers to purchase BYD electric vehicles on more flexible payment terms with competitive interest rates and hassle-free repayment options. With this move, Cimex Inc. Pvt. Ltd. aims to promote sustainable mobility solutions and support the government's vision for a greener and cleaner Nepal

"At Cimex Inc. Pvt. Ltd., we believe that everyone has a responsibility to protect the environment and contribute to a more sustainable future,"  Yamuna Shrestha, Managing Director of Cimex Inc, said.
. "We are proud to partner with NMB Bank, a leader in the banking sector, to offer financing solutions that will help more Nepalese citizens make the switch to electric vehicles."

NMB is providing up to 80% bank financing at a 12.49% fixed rate for 5 years and a floating rate thereafter for 2 years. BYD electric vehicles have been gaining popularity in Nepal, and this new partnership with NMB Bank will make it easier for customers to embrace sustainable transportation. 

NMB Bank is one of the leading commercial banks in Nepal, with a network of over 200 branches, extension counters, and 138 ATMs across the country. The bank is claimed to be committed to supporting initiatives that contribute to the well-being of society and promoting sustainable development.