Muktinath Bikas Bank and Autoways Partner for Bull Machinery Financing
24th September 2026, Kathmandu
Muktinath Bikas Bank Limited and Autoways Private Limited, the authorized distributor of Bull construction equipment in Nepal, have signed a Memorandum of Understanding (MOU) to provide streamlined credit facilities for customers purchasing Bull machinery.
Muktinath Bank, Autoways Partnership
The strategic partnership aims to support construction businesses and expand productive sector investments by easing access to equipment financing.
Advertisement
MOU Signing and Representative Details
The formal agreement was executed by executive representatives from both organizations.
- Bank Representative: Baburam Dhakal, Head of Gandaki Region at Muktinath Bikas Bank Limited.
- Partner Representative: Narayan Prasad Poudel, Chairman and Managing Director of Autoways Private Limited.
Credit Facility Terms and Loan Financing Structure
The arrangement introduces flexible financing options structured around collateral provisions and loan-to-value ratios.
- Standard Financing Limits: Muktinath Bikas Bank will extend credit facilities up to 50 percent of the dealer invoice value using the purchased Bull machinery itself as primary collateral.
- Enhanced Financing Limits: Customers providing additional acceptable fixed-asset collateral can access financing up to 80 percent of the dealer invoice value, subject to bank evaluation and prevailing credit policies.
- Interest Rates and Loan Terms: Qualified borrowers will receive competitive minimum interest rates under the agreement terms.
- Strategic Objective: The partnership enhances financial access for construction contractors while supporting the bank broader portfolio across housing, auto, agricultural, and SME loans.
For More: Muktinath Bank, Autoways Partnership
