NMB Bank’s concessional loan to buy Tata’s Nexon EV

NMB Bank’s concessional loan to buy Tata’s Nexon EV

Those who want to buy Tata Motors’ Nexon EV will now get a concessional loan from NMB Bank. An agreement has been reached between Sipradi Trading, the sole official distributor of Tata Motors for Nepal, and NMB Bank Limited.

The agreement was signed by Sawant Jung Sijapati, Chief of Sipradi’s Passenger Vehicle Business Unit and Sudesh Upadhyaya, Chief Trade and Strategy Officer of NMB.

Buyers wishing to purchase Tata Motors’ electric vehicle Nexon EV will now be able to avail concessional loans through NMB Bank’s branches across Nepal.

Under the loan agreement, individuals and entities wishing to purchase Nexon EVs will be able to obtain loans through NMB Bank branches at the bank’s base rate interest rate with zero percent premium. Under this, the bank will provide finance facility up to 80 percent within 24 hours.


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Rabins Sharma Lamichhane

Rabins Sharma Lamichhane is the owner of RabinsXP who is constantly working for increasing the Internet of Things (IoT) in Nepal. He also builds android apps and crafts beautiful websites. He is also working with various social services. The main aim of Lamichhane is to digitally empower the citizens of Nepal and make the world spiritually sound better both in terms of technology and personal development. Rabins is also the first initiator of Digital Nepal.

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