3rd August 2023, Kathmandu
VG Impex Partners with Prabhu Bank to Facilitate Financing for GWM Ora 03 EV Car in Nepal
VG Impex Pvt. Ltd., the exclusive importer, and distributor of GWM vehicles in Nepal, has joined hands with Prabhu Bank Limited to offer financing solutions for the sought-after GWM Ora 03 EV.
This strategic collaboration, formalized on July 27, 2023, through the signing of a memorandum of understanding (MOU), aims to make GWM’s electric vehicles more financially accessible to potential buyers in Nepal.
The MOU was signed by Mr. Rupesh Sharma Bhatta, Vice President of VG Impex Pvt. Ltd. (GWM-Nepal), and Mr. Renu Prasad Pandey, Chief Business Officer of Prabhu Bank Limited, underscoring the significance of this partnership in advancing the adoption of electric vehicles in the country.
The primary objective of this collaboration is to provide a seamless retail financing experience to individuals interested in purchasing the GWM Ora 03. By leveraging Prabhu Bank’s expertise in auto financing, customers can benefit from competitive interest rates and flexible loan period options.
Prabhu Bank offers auto loans with a competitive interest rate of 12.06%, subject to adjustment based on the bank’s discretion. This collaboration empowers customers by allowing them to secure up to 80% of the loan amount, catering to both individual buyers and firms. The loan tenure for regular cases extends up to 5 years, with the potential for extension to 7 years under special circumstances. Additionally, a standard loan administration fee of 0.75% is applicable.
Interested customers can apply for an Auto Loan by simply visiting the nearest Prabhu Bank branch and submitting the required documentation.
About GWM Nepal:
GWM-Nepal has carved a strong niche in the Nepalese automotive market, showcasing globally acclaimed models like Haval H6, Haval Jolion, POER, and Wingle 5. Dedicated to advancing automotive innovation, GWM-Nepal continues to introduce futuristic models and premium offerings from the Great Wall Motor Company.
As the authorized importer and distributor of Great Wall Motor in Nepal, VG Impex is committed to elevating both sales and after-sales services, thereby propelling Nepal’s automotive landscape forward.
Among its recent introductions, GWM proudly presents the highly acclaimed electric crossover, “The all-new ORA 03 EV,” to the Nepal market.
This electrifying model boasts a captivating fusion of retro-modern aesthetics, uncompromising safety standards, luxurious features, and groundbreaking technology, all contributing to a compelling and sustainable driving experience.
In summary, the collaborative initiative between VG Impex and Prabhu Bank to offer financing solutions for the GWM Ora 03 EV in Nepal represents a pivotal move towards enhancing the affordability and accessibility of electric vehicles.
As GWM-Nepal continues its commitment to innovation and premium offerings, this partnership serves as a significant catalyst in driving the adoption of eco-friendly transportation solutions in Nepal’s dynamic automotive market.