Syakar Trading Partners with NIC ASIA Bank for Easy Honda Auto Loans
27th September 2026, Kathmandu
Syakar Trading Company Private Limited, the authorized distributor of Honda automobiles in Nepal, has entered into a strategic financing partnership with NIC ASIA Bank.
Syakar, NIC Asia Partnership
The collaboration aims to offer accessible vehicle financing options to customers seeking to acquire new Honda passenger vehicles. Under the arrangement, NIC ASIA Bank will provide auto loans at competitive interest rates with an expedited processing period of six working days following document submission.
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Auto Loan Scheme Features and Eligible Models
The financing agreement covers Honda’s popular passenger car portfolio available in the Nepali market.
- Processing Timeline: Loan applications will be processed within six working days after full document submission.
- Interest Rates: NIC ASIA Bank will offer auto loan facilities at competitive interest rates.
- Eligible Vehicle Models: The financing facility applies to models including the Honda CR-V, CITY e:HEV, 5th Generation CITY, and ELEVATE.
- Target Audience: Individual and retail customers planning to purchase new Honda vehicles in Nepal.
Signing Authority and Executive Statements
Representatives from both institutions finalized the corporate partnership during an official signing event.
- NIC ASIA Bank Representatives: Signed by Chief Business Officer Amit K.C. and Head of Mortgage Banking & Auto Loan Deepak Acharya.
- Syakar Trading Representative: Signed by Managing Director Srijana Shakya Jyoti.
- Strategic Objective: Both entities stated that the initiative is designed to streamline vehicle financing and provide a swift, hassle-free purchasing process for customers.
For More: Syakar, NIC Asia Partnership
