12 August 2024, Kathmandu
Mahalaxmi Bikas Bank has entered into a strategic partnership with Arete International Pvt. Ltd., the official importer of Tesla, Audi, and Porsche vehicles in Nepal.
Mahalaxmi Bank Partners with Arete International
The collaboration aims to provide customers with attractive financing options for purchasing these luxury cars.
Under the agreement, customers can avail of loans at a competitive interest rate of 9.99 percent for Tesla, Audi, and Porsche vehicles. The loan amount can be up to 80 percent of the VAT bill or quotation price for electric vehicles, with a maximum repayment tenure of five years. For non-electric vehicles, the loan amount is capped at 50 percent of the VAT bill or quotation price, with a repayment period of up to eight years.
To facilitate the loan application process, Mahalaxmi Bank has introduced a QR code system that can be accessed through its website, social media platforms, branch offices, and newspapers.
With a strong network of 103 branches and a customer base of approximately 700,000, Mahalaxmi Bank is committed to providing exceptional financial services to the Nepali people. The bank is also exploring strategic partnerships with foreign banks or financial institutions to further enhance its offerings.
About Arete International Pvt. Ltd.
Established in 2020, Arete International Pvt. Ltd. is a Kathmandu-based company on a mission to bring the world’s best sustainable mobility solutions to Nepal. Inspired by the question of why Nepal couldn’t access cutting-edge technology, they began by partnering with Tesla, becoming the first distributor of these electric vehicles in the country.
Arete International is driven by a vision of a truly sustainable transportation system accessible to all Nepalis. While Tesla is their initial focus, they plan to expand their portfolio to include even more brands, creating a diverse range of eco-friendly transportation options. With their commitment to innovation and sustainability, Aret International is poised to play a key role in shaping the future of mobility in Nepal.
Mahalaxmi Bank Partners with Arete International