Kathmandu, March 3:

Padma Jyoti, chairman of Jyoti Group and R K Ummat, CEO of Everest Bank Ltd today jointly launched the Easy Finance scheme for Honda/ Hero Honda motorcycles outside the Kathmandu valley.

This is the first time Syakar Company Ltd — the authorised distributor of Honda/ Hero Honda motorcycles for Nepal and Everest Bank have joined hands for a scheme that is aimed at providing Honda/Hero Honda bikes on easy monthly installments to customers outside the Kathmandu valley.

Syakar Company Ltd will provide its motorcycles under EBL’s financing scheme with an easy loan at 10 per cent interest, said the company. However, it will provide benefit of one per cent rebate, if a customer follow the conditions of scheme under which 60 per cent of the invoice value of the proposed motorbike or a maximum Rs 1,50,000 will be provided by EBL — to customers for an EMI for a maximum of two years.