Cimex Inc. Pvt. Ltd., the authorized distributor of BYD Auto Industry Co. Ltd. in Nepal, and Nabil Bank have signed a Memorandum of Understanding (MoU) to collaborate for EV financing of BYD vehicles. As per the MoU, Nabil Bank will provide up to 80 percent bank financing on BYD electric vehicles.

This collaboration aims to offer easy retail financing for customers looking to purchase vehicles from BYD. As per the agreement, customers will get easy access to loan facilities from all branches of Nabil Bank with an interest rate of 12.99 percent for up to 7 years. With only 20 percent down payment, customers can now own a BYD electric vehicle.

The loan will be floated in line with the related directives and guidelines of Nepal Rastra Bank.

Cimex BYD is offering the sporty electric SUV Atto 3 (Rs 89.9 Lakh), and the second-gen e6 (Rs 59 lakh), the longest range EV in Nepal in the market.