Nepal Investment Mega Bank is going to provide up to 80 percent financing facility for BYD electric vehicle owners. With the agreement between the bank and Cymex Inc., the official distributor of BYD, Investment Mega Bank will provide financing facilities of up to 80 percent on all vehicles of BYD.
The agreement was signed by Jyotiprakash Pandey, Chief Executive Officer of the company and Sandhya Shrestha on behalf of Cymex Inc.
Those who want to buy a BYD vehicle, if they apply for an auto loan from any branch of Investment Mega Bank, the financing facility will be available in 3 days. It is said that only 1 percent premium will be added to the interest rate base rate of such loans.