MoU between Mahalaxmi Bikas Bank & Arete International
This agreement enables the bank to provide loans at an interest rate of 9.99% for purchasing these luxury car brands.
KATHMANDU: Mahalaxmi Bikas Bank has signed a memorandum of understanding (MoU) with Arete International Pvt. Ltd., the official importer and dealer for Tesla, Audi, and Porsche vehicles in Nepal.
This agreement enables the bank to provide loans at an interest rate of 9.99% for purchasing these luxury car brands.
According to the agreement, customers interested in buying Tesla, Audi, or Porsche vehicles will be eligible for loans from Mahalaxmi Bikas Bank at an interest rate of 9.99%.
For electric vehicles, the bank will offer loans up to 80% of the VAT bill or quotation amount (whichever is lower) for a maximum term of 5 years.
For non-electric vehicles, the loan will cover up to 50% of the VAT bill or quotation amount (whichever is lower) for a maximum term of 8 years.
Customers wishing to apply for these loans can do so by scanning the QR code available on the bank’s official website, social media platforms, all branch offices, and in newspapers.
