BYD partners with Prabhu Bank for easy EV financing

KATHMANDU: Cimex Inc Pvt Ltd, the authorised distributor of BYD Auto Industry Co Ltd in Nepal, has announced a strategic bank financing tie-up with Prabhu Bank for BYD electric vehicles (EVs). This partnership aims to make it easier for Nepali customers to purchase BYD EVs by offering competitive financing options. The tie-up with Prabhu Bank will enable customers to purchase BYD EVs with attractive interest rates and accessible financing options. "BYD is committed to providing sustainable and affordable transportation solutions to people around the world. This partnership with Prabhu Bank will help us make EVs more accessible to consumers in Nepal," said Meman Dhaugoda, CFO of Cimex Inc. BYD is a leading global manufacturer of EVs, with a range of models that cater to different segments. BYD vehicles are known for their reliability, safety, and performance. With the increasing demand for EVs in Nepal, this partnership will help to promote the adoption of sustainable mobility solutions. "At Prabhu Bank, we are committed to supporting initiatives that promote sustainable development. Our partnership with Cimex Inc will enable us to offer financing solutions that are tailored to the needs of customers who want to switch to EVs," said Birendra Bhatt, Head-Consumer Banking, Prabhu Bank. The tie-up between Cimex Inc and Prabhu Bank is a step towards achieving a sustainable future. 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. Cimex is offering BYD ATTO 3, the first sporty Electric SUV in Nepal, at Rs 6.49 million,  and the all-new BYD e6, the longest Range EV in Nepali market, at Rs 5.9 million. With only a 20% down payment, customers can now own BYD ATTO 3 at Rs 1.298 million, or e6 at Rs 1.18 million. Cimex Inc is committed to promoting sustainable and affordable transportation solutions in Nepal. Prabhu Bank is committed to promoting sustainable development and supporting initiatives that contribute to the well-being of society. READ ALSO:

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