Kathmandu: Sipradi Trading Pvt. Ltd. (STPL) has recently signed an agreement with Everest Bank Limited regarding the vehicle loan of up to 80% for the customers planning to buy electric vehicles from Tata Motors. Currently, Tata Motors offers Nexon EV and Tigor EV, best of its electric vehicles in Nepal.
According to the agreement, any individual or institutions looking to purchase the electric vehicles from Tata Motors shall get an easy, affordable loan facility from all branches of EVEREST bank with 12.8% interest rate up to 7 years.
EVEREST Bank will finance up to 80 percent of the total cost of the vehicle. The loan will be floated in line with the related directives and guidelines of Nepal Rastra Bank. Customers opting to choose Tata EV, will now have more ease and quick processing time for the purchase of any electric vehicles from Tata Motors.
In order to accelerate the adoption of EVs in Nepal, Tata Motors and SIPRADI offers 2 different electric vehicles. the most loved electric SUV– Nexon EV in Nepal and the most preferred electric Sedan – Tigor EV.