BIZ BRIEFS
KATHMANDU: Laxmi Intercontinental Pvt Ltd (LIPL), the sole authorised distributor of Hyundai vehicles in Nepal, has signed an agreement with Nabil Bank Ltd to expand financing options for its electric vehicles (EVs) and internal combustion engines (ICEs) vehicles.
Sujit Kumar Shakya, senior deputy CEO of Nabil Bank, and Indra Prasad Sapkota, general manager of Laxmi Intercontinental, signed the memorandum of understanding, as per a media release.
As a result, customers can now finance their Hyundai vehicle, EV, or ICE through Nabil Bank at a 12.99 per cent interest rate. Once the bank has verified all of the required documents, the loan will be approved in three working days with a seven-year term. The loan financing percentage for EVs is 80 per cent in the case of individuals and 70 per cent for firms.
Likewise, for ICE vehicles up to 50 per cent financing in the case of individuals and 70 per cent 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.
A version of this article appears in the print on November 30, 2022, of The Himalayan Times.
