KATHMANDU: Cimex Inc, the authorised distributor of BYD Auto Industry Co in Nepal, has teamed up with NMB Bank to offer a new bank financing tie-up for BYD electric vehicles (EVs). This collaboration is a significant step forward for both companies in their efforts to provide Nepali citizens with eco-friendly transportation options that are both affordable and accessible.
This new financing partnership with NMB Bank will enable customers to purchase BYD EVs on more flexible payment terms with competitive interest rates and hassle-free repayment options. With this move, Cimex Inc aims to promote sustainable mobility solutions and support the government's vision for a greener and cleaner Nepal.
"At Cimex Inc, we believe that everyone has a responsibility to protect the environment and contribute to a more sustainable future," said Yamuna Shrestha, Managing Director of Cimex Inc. "We are proud to partner with NMB Bank, a leader in the banking sector, to offer financing solutions that will help more Nepali citizens make the switch to EVs."
NMB is providing up to 80% bank financing at 12.49% fixed rate for 5 years and floating rate thereafter for 2 years. BYD EVs have been gaining popularity in Nepal, and this new partnership with NMB Bank will make it easier for customers to embrace sustainable transportation. This collaboration is part of Cimex Inc's ongoing commitment to promoting eco-friendly mobility solutions in Nepal and supporting the government's efforts to reduce carbon emissions.
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 committed to supporting initiatives that contribute to the well-being of society and promoting sustainable development. This financing arrangement will comply with the related directives and guidelines of the Nepal Rastra Bank, ensuring that customers are provided with a secure and trustworthy financing option.
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NMB is providing up to 80% bank financing at 12.49% fixed rate for 5 years and floating rate thereafter for 2 years. BYD EVs have been gaining popularity in Nepal, and this new partnership with NMB Bank will make it easier for customers to embrace sustainable transportation. This collaboration is part of Cimex Inc's ongoing commitment to promoting eco-friendly mobility solutions in Nepal and supporting the government's efforts to reduce carbon emissions.
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 committed to supporting initiatives that contribute to the well-being of society and promoting sustainable development. This financing arrangement will comply with the related directives and guidelines of the Nepal Rastra Bank, ensuring that customers are provided with a secure and trustworthy financing option.
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Published Date: April 16, 2023, 12:00 am
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