Muktinath Bikas Bank Limited Signs Agreement With Sipradi Trading or Tata Pickup, Commercial Vehicle Loans
Summary
Muktinath Bikas Bank Limited has signed an agreement with Sipradi Trading Pvt. Ltd. to offer loan financing for customers buying Tata pickup trucks and small commercial vehicles in Nepal. The bank will provide concessional loans through its 176 branches, financing up to 60% of EV models and 70% of ICE models.
Key Points
- Muktinath Bikas Bank Limited has partnered with Sipradi Trading Pvt. Ltd., the official distributor of Tata vehicles in Nepal, to finance Tata pickup trucks and small commercial vehicles.
- Customers buying through Sipradi's authorized dealers will be eligible for concessional rate loans from all 176 branches of Muktinath Bikas Bank.
- The bank will finance up to 60% of the vehicle price for EV models and up to 70% for ICE models.
- The partnership aims to improve access to commercial vehicle financing for businesses, agriculture, and small enterprises.
