Muktinath Bikas Bank Signs MoU with Federation of Transporter-Nepal to Facilitate Vehicle and Business Loans
Summary
Muktinath Bikas Bank has signed an MoU with the Federation of Transporter-Nepal to offer vehicle and business loans to affiliated transport entrepreneurs. The bank will provide financing through its 176 branches at concessional interest rates, including special offers for auto, agriculture and SME loans.
Key Points
- Muktinath Bikas Bank signed a Memorandum of Understanding with the Federation of Transporter-Nepal to support transport-related financing.
- FTN members can get loans to buy vehicles of any brand and meet broader business financing needs.
- The bank says the facility will be available through 176 branches at concessional interest rates.
- Special low-interest loan offers have also been introduced for auto, agriculture and SME loans.
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