GIBL & Shashila Motors partner to boost EVs financing
Under the agreement, prospective buyers from both individual and corporate sectors will submit necessary documents and details to the bank's branch office, after which the bank will process the loan within 3 working days as per regulations.
KATHMANDU: Global IME Bank Limited (GIBL) and Shashila Motors have signed a memorandum of understanding for facilitating electric vehicle financing.
According to the memorandum, signed by Narhari Silwal, Chief of the Small, Micro, Retail, and Agriculture Loan Department of the bank, and Santosh Khatiwada, Managing Director of Shashila Motors, the bank will provide convenient loans at competitive interest rates to individuals and companies interested in purchasing electric vehicles from Shashila Motors.
Under the agreement, prospective buyers from both individual and corporate sectors will submit necessary documents and details to the bank’s branch office, after which the bank will process the loan within 3 working days as per regulations.
GIBL aims to promote green financing by offering easy financing options for electric vehicles.
They have introduced loans such as ‘Auto Loan’ for personal use and ‘Hire Purchase’ for rental purposes, catering to various customer needs with timely plans.
This initiative reflects the bank’s commitment to enhancing customer services while promoting sustainable practices through the adoption of electric vehicles.
