Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Global IME Bank Limited and Shashila Motors have signed a memorandum of understanding (MoU) for the flow of electric vehicle loans. The agreement was signed by Narhari Silwal, Head of the Bank’s Small and Medium Enterprises, Retail, and Agricultural Credit Department, and Santosh Khatiwoda, Managing Director of Shashila Motors.
Under the agreement, the bank will provide loans for purchasing electric vehicles sold by Shashila Motors and its official dealers. Individuals or companies interested in buying these vehicles can apply at the bank’s branch offices with the required documents and details. The bank will process and disburse the loans within three working days of receiving the application.
To promote green financing, the bank has been offering loans for electric vehicles at competitive interest rates. The bank’s regular policy includes providing ‘auto loans’ for personal use and ‘hire purchase’ loans for rental purposes.
Considering customer convenience, the bank has introduced various timely plans to benefit its clients. Global IME Bank is the first private commercial bank with a branch network across all 77 districts of the country.
With 354 branch offices, 379 ATMs, 277 branchless banking services, 68 extensions and revenue collection counters, and three foreign representative offices, the bank has been providing excellent service through over 1,100 service centers.
The bank also plays a significant role in the national economy by channeling remittances from countries such as the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, Jordan, and Hong Kong.
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