KATHMANDU: Mega Bank has inked an agreement with Narayani Auto Business Pvt Ltd for hire-purchase loans.

As per the agreement, anyone purchasing vehicles from Narayani Auto will be able to avail financing facility from Mega Bank with payback period of up to 10 years, as per a media release.

Customers will be able to buy Alto, Wagon R and Celerio cars with 30 per cent down payment and monthly instalment of Rs 15,000 for 10 years.

Separately, Mega Bank has also entered a bancassurance agreement with Life Insurance Corporation (LIC).

From now on, Mega Bank customers will be able to sign up for life insurance scheme of LIC as well as claim insurance from any of the bank’s branches.