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Cimex Inc, the sole authorised distributor for BYD Auto Industry in Nepal, has announced a partnership with Nepal Investment Mega Bank (NIMB) to enhance the accessibility of electric mobility in Nepal by providing up to 80 % financing on all models of BYD electric vehicles.
With this partnership, prospective customers interested in purchasing a BYD electric vehicle from Cimex Inc. and its authorized dealers can apply for an auto loan at any NIMB branch. With the streamlined approval process granted within three working days all eligible customers of NIMB can benefit from this experience.
NIMB will offer EV Loans for BYD vehicles at a competitive interest rate, set at the base price plus a 1.00% premium per annum.
The partnership was formalized with the signing of a Memorandum of Understanding by Mr. Jyoti Prakash Pandey, Chief Executive Officer of NIMB Bank, and Ms. Sandhya Shrestha of Cimex Inc.
With 272 branch offices and 266 ATMs nationwide, NIMB Bank aims to enhance the initiative to help drive Nepal's shift towards a greener future.
