Mahalaxmi Bikas Bank Partners with JB Automotive to Offer 9.99% Loans for Tata Vehicles

Mahalaxmi Bikas Bank has signed a memorandum of understanding with JB Automotive Company Private Limited, the Tata vehicle dealer for Nepal, to offer loans at 9.99 percent for Tata vehicles.

Customers can obtain a loan covering up to 80 percent of the VAT bill or quoted price for electric vehicles, with a maximum term of 5 years, and up to 50 percent for non-electric vehicles, with a term of up to 8 years.

Loans can be applied for via QR codes available on the bank's website, social media, branch offices, and newspapers. The bank, which has been providing quality financial services for 30 years, is also seeking strategic partnerships with foreign banks or financial institutions.