CG Motors Partners With Prabhu Bank For EV Financing

CG Motors, the authorized distributor of Neta and KYC V5 EV, has partnered with Prabhu Bank to provide customers with easy financing options for its electric vehicles. As per the agreement signed by the bank and the company, customers of CG Motors can apply for the loan conveniently.Customers willing to purchase Neta V or CG KYC V5 electric van will be able to receive finance of up to 80% swiftly and conveniently. The MoU was signed by DCEO and Head-Customer Finance of the bank Mani Ram Pokharel and Birendra Bhatta respectively and CEO and GM of the company Hemant Agrawal and Prakash Babu Devkota respectively.

This MoU targets towards providing easy financing facilities to the customers of CG Motors easily. As per the agreement, the loan will be for a maximum duration of up to seven years. Hence, customers can now purchase electric vehicles offered by CG Motors at a down payment of 20% only.

Customers can avail this facility from all the authorized distributors of CG Motors as well as from all the branches of Prabhu Bank. The financing facility observes the rules and directives from Nepal Rastra Bank.

The Neta V subcompact electric crossover is available at a price of Rs 37.99 Lakh in the Nepalese market. The Neta V can also be booked by making a downpayment of 20 percent; i.e., Rs 7.6 Lakh.