VG Impex collaborates with Everest Bank for financing GWM vehicles

KATHMANDU: VG Impex, the sole authorised importer and distributor of GWM brand vehicles for Nepal, has collaborated with Everest Bank Ltd for financing its popular IC Engine models like Haval H6, Haval Jolion GWM Poer, GWM Wingle 5 and the electric drossover Ora 03. Rupesh Sharma Bhatta, Vice President of VG Impex (GWM-Nepal) and Gaurav Kumar, Deputy General Manager of Everest Bank Limited, signed a memorandum of understanding (MoU) on July 23 marking a significant step towards making GWM vehicles more financially accessible to customers. This collaboration is expected to ensure customers who are interested in purchasing GWM models get the benefit of a seamless retail financing experience. It also aims to provide customers with various financing packages with competitive interest rates, down payment and loan period options which customers can choose based on their requirements. Everest Bank will provide a maximum 80% loan at an attractive return on investment (ROI) for a maximum period of seven years. The minimum effective ROI is 10.80% for a loan tenure of up to three years. ROI for GWM Electric Model (EV) is BR*+ 2.00% (Effective Interest Rate of 11.30%) ROI for GWM IEC Engine Models is BR*+ 2.50% (Effective Interest Rate of 11.80%) ROI is discounted by 0.50% on loans with Loan to Value (LTV/Bank Finance) up to 50.00% in the case of EV and the processing charge is only 0.50% of the loan sanctioned for all vehicles. Customers can apply for an Auto Loan by visiting the nearest Everest Bank branch with the required documents. GWM-Nepal has established its strong presence in Nepal with popular global models like Haval H6, Haval Jolion, POER, and Wingle 5. Committed to fostering next-generation automotive innovation, GWM-Nepal continues to introduce futuristic models and premium offerings from Great Wall Motor Company in Nepali Market. As an authorised importer and distributor of Great Wall Motor in Nepal, VG Impex has been constantly upgrading its sales and after-sales services, driving Nepal's automotive ecosystem forward. GWM has recently introduced its popular all-new electric crossover ORA 03 EV in Nepali Market, featuring a captivating blend of retro modernistic styling, top-notch safety standards, luxurious features, and groundbreaking technology. READ ALSO:

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