Prabhu Bank To Finance Up to 80% Loan For GWM Ora 03 EV Car

VG Impex Pvt. Ltd., the sole authorized importer and distributor of GWM brand of vehicles for Nepal, has collaborated with Prabhu Bank Limited for financing its popular GWM Ora 03 EV. Prabhu Bank offers auto loans with interest rates of 12.06%

The MOU was signed on July 27, 2023, by Rupesh Sharma Bhatta, Vice President of VG Impex Pvt. Ltd.  (GWM-Nepal) and  Renu Prasad Pandey Chief Business Officer of Prabhu Bank Limited, making GWM electric vehicle more financially accessible to customers.

This collaboration has been done in order to ensure customers who are interested in purchasing GWM ora 03 get the benefit of a seamless retail financing experience. It also aims to provide customers with financing with competitive interest rates, & loan period options.

The bank has the flexibility to adjust the interest rate based on its decisions. For financing the auto loan, the bank can provide up to 80% of the loan amount for both individuals and firms. The maximum loan tenure for regular cases is 5 years, but in special cases, it can be extended up to 7 years. Additionally, there is a standard loan administration fee of 0.75% charged by the bank.

Customers can apply for an Auto Loan by visiting the nearest Prabhu Bank Branch with the required documents.