SPG Automobiles Pvt. Ltd. the authorized distributor of Omoda vehicles in Nepal, and Nabil Bank have collaborated for financing of Omoda electric vehicles.

Nabil Bank will provide up to 80 percent bank financing on  Omoda electric vehicles for their customers. The financing facility will also be available for Omoda customers throughout the nation through the official dealer network.

This collaboration aims to offer easy retail financing for customers looking to purchase electric vehicles from Omoda. As per the agreement, customers will get easy access to loan facilities from all branches of Nabil Bank with a fixed interest rate of 9.99 percent for 5 years and 10.49 percent for 7 years.

The fixed interest rate shall be subject to change as per the policy of Nabil Bank. With only a 20 percent down payment, customers can now easily own an Omoda electric vehicle.

The facility will be provided throughout the dealer network of Omoda – Bhaktapur, Itahari, Birtamode, Biratnagar, Janakpur, Bardibas, Birgunj, Narayanghat, Butwal, Nepalgunj, Surkhet, Dang, Dhangadhi, and Pokhara. The loan will be floated in line with the related directives and guidelines of Nepal Rastra Bank.

SPG Automobiles is offering the Omoda E5 at a pre-budget price of Rs 61.99 lakh for the single-tone and Rs 62.49 Lakh for the dual-tone variant. The Omoda E5 is equipped with a 61 kWh lithium iron phosphate blade battery pack, providing a range of 430 km based on the WLTP standard. Powered by a front-mounted 99 kW electric motor, the Omoda E5 delivers 340 Nm of maximum torque. It also gets a Level 2.5 ADAS system in the our market.