Mahalaxmi Bikas Bank Partners with Pioneer Moto Corp for Special Vehicle Loans

Mahalaxmi Bikas Bank has signed an agreement with Pioneer Moto Corp Pvt. Ltd., the Nissan vehicle importer for Nepal, to offer special loan terms.

Customers purchasing Nissan vehicles can receive loans at 9.99% interest. For electric vehicles, the bank provides loans covering up to 80% of the VAT bill or quotation price (whichever is less) for up to 5 years.

For other vehicles, the loan covers up to 50% of the VAT bill or quotation price for up to 8 years. Loan applications can be submitted via QR codes available on the bank's website, social media, branches, and newspapers.

The bank, known for its quality financial services over the past 30 years, also resolved at its 22nd annual general meeting to seek strategic partnerships with foreign banks or financial institutions.