RBB’s “This Year’s Festive Zone, RBB’s EV Loan” scheme
The bank unveiled the program with the motto " Yo Barsa Ko Festive Zone, RBB Ko EV Loan (This year's Festive Zone, RBB's EV Loan)."
KATHMANDU: Rastriya Banijya Bank is going to provide loans at a single interest rate to those who want to buy electric vehicles.
This bank has launched a program in conjunction with the release of merchandise for major festivals such as Dashain-Tihar.
The bank unveiled the program with the motto ” Yo Barsa Ko Festive Zone, RBB Ko EV Loan (This year’s Festive Zone, RBB’s EV Loan).”
The bank will provide EV loans up to Rs 1 crore.
The interest rate has been set at 9.95 percent, the lowest available, with a down payment of 20% of the total price of the electric vehicle required. The processing cost is set at 0.25 percent, and the program is only available for a limited time, according to the bank.
The bank must take the loan within 15 days of the supply order or within the plan period as a specific requirement. According to the bank, this scheme would go into effect on Bhadra 26 (September 12).
