Mahalaxmi Bikas Bank Offers 9.99% Loans for Luxury Vehicles in New Agreement

Mahalaxmi Bikas Bank has announced a new loan scheme offering 9.99% interest for purchasing luxury vehicles, including Tesla, Audi, and Porsche, through a memorandum of understanding with Arete International Private Under this agreement, the bank will provide loans up to 80% of the VAT bill or quotation price for electric vehicles, and up to 50% for non-electric vehicles, with repayment periods of up to 5 years and 8 years respectively.

customers can apply for these loans via a QR code available on the bank's website, social media, branches, and newspapers. The bank, celebrating 30 years of service under the slogan "Strong Bank, Successful Cooperation," is also considering bringing foreign banks or financial institutions as strategic partners, as approved in its recent annual general meeting.