Shangrila Motors Pvt. Ltd. the authorized distributor of Peugeot & Citroen vehicles in Nepal, and Nabil Bank have signed a Memorandum of Understanding (MoU) to collaborate for vehicle financing. The MoU was signed by Mr. Sachin Amatya, Manager of Nabil Bank, and Mr. Kiran Shrestha, Assistant General Manager of Shangrila Motors Pvt. Ltd

As per the MoU, Nabil Bank will provide up to 80 percent bank finance on electric vehicles, up to 70% percent bank financing on Non-electric vehicles (Firm), and up to 50% percent bank financing on Non-electric vehicles (Individual).

This collaboration aims to offer easy retail financing for customers looking to purchase vehicles from Peugeot & Citroen. The loan will be floated in line with the related directives and guidelines of Nepal Rastra Bank.

The scheme will be valid all over Nepal between Shangrila Motors’ authorized dealers and Nabil Bank. Nabil Bank has 248 branches all over the country.