VG Impex collaborates with Prabhu Bank
KATHMANDU, AUGUST 3: VG IMPEX Pvt. Ltd., the sole authorized importer and distributor of the GWM brand of vehicles for Nepal, has collaborated with Prabhu Bank Limited for financing its popular GWMOra 03 EV. The Memorandum of Understanding (MoU) in this regard was signed recently by Rupesh Sharma Bhatta, Vice President of VG Impex Pvt. Ltd. (GWM-Nepal) and Mr. Renu Prasad Pandey, Chief Business Officer of Prabhu Bank Limited, on behalf of their respective organisations.
As per the MoU, customers who are interested in purchasing GWMora 03 will get the benefit of a seamless retail financing experience. They can enjoy financing with competitive interest rates and loan period options.
Prabhu Bank offers auto loans with interest rates of 12.06%. The bank has the "flexibility" to adjust the interest rate based on its decisions. For financing the auto loan, the bank can provide up to 80% of the loan amount for both individuals and firms.
The maximum loan tenure for regular cases is 5 years, but in special cases, it can be extended up to 7 years. Additionally, there is a standard loan administration fee of 0.75% charged by the bank, it is said.
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