26th July 2023, Kathmandu
VG IMPEX Pvt. Ltd., the sole authorized importer, and distributor of the GWM brand of vehicles for Nepal, has collaborated with Everest Bank Limited for financing its popular IC Engine models like Haval H6, Haval Jolion GWM Poer, and GWM Wingle 5 and the Electric Crossover Ora 03.
The MOU was signed on July 23, 2023, by Mr. Rupesh Sharma Bhatta, Vice President of VG Impex Pvt. Ltd. (GWM-Nepal), and Mr. Gaurav Kumar, Deputy General Manager of Everest Bank Limited, marking a significant step towards making GWM vehicles more financially accessible to customers.
“VG Impex (GWM-Nepal)” collaborates with “Everest Bank Ltd.” To Finance GWM Vehicle, Rate of Interest (ROI) @ 10.80* % only for Ora 03 EV Car
This collaboration has been done in order to ensure customers who are interested in purchasing GWM models get the benefit of a seamless retail financing experience. It also aims to provide customers with various financing packages with competitive interest rates, down payment, and loan period options which customers can choose based on their requirements.
Everest Bank will provide a maximum 80 % loan at attractive ROI for a maximum period of 7 years. The minimum effective ROI is 10.80%* for a loan tenure of up to 3 years.
ROI for GWM Electric Model (EV) is BR*+ 2.00% (Effective Interest Rate of 11.30%)
ROI for GWM IEC Engine Models is BR*+ 2.50% (Effective Interest Rate of 11.80%)
ROI is discounted by 0.50% on loans with Loan to Value (LTV/Bank Finance) up to 50.00% in the case of EV and the processing charge is only 0.50% of the loan sanctioned for all vehicles.
Customers can apply for an Auto Loan by visiting the nearest Everest Bank Branch with the required documents.
About GWM Nepal
GWM-Nepal has been able to establish its strong presence in Nepal with popular global models like Haval H6, Haval Jolion, POER, and Wingle 5. Committed to fostering next-generation automotive innovation, GWM-Nepal continues to introduce futuristic models and premium offerings from Great Wall Motor Company in Nepal Market.
As an authorized importer and distributor of Great Wall Motor in Nepal, VG Impex has been constantly upgrading its sales and after-sales services, driving Nepal’s automotive ecosystem forward.
GWM has recently introduced its very popular electric crossover “The all-new ORA 03 EV” in the Nepal Market, featuring a captivating blend of retro modernistic styling, top-notch safety standards, luxurious features, and groundbreaking technology.