BYD and Everest Bank join hands to offer easy retail financing for BYD EVs in Nepal

Kathmandu, Feb 17. Cimex Inc. Pvt. Ltd., the authorized distributor of BYD Auto Industry Co. Ltd. in Nepal, has partnered with Everest Bank to provide customers with easy financing options for its electric vehicles. This strategic collaboration between Cimex Inc. Pvt. Ltd. and Everest Bank aims to make it easier for customers to purchase and own a BYD electric vehicle, as the bank will provide up to 80 percent financing on the purchase of any BYD electric vehicle.

Through this partnership, customers will be able to access financing facilities from all branches of Everest Bank with a special competitive interest rate for BYD vehicles for up to seven years, making it more affordable and convenient for them to switch to eco-friendly transport. With only a 20 percent down payment, customers can now own the recently launched BYD ATTO 3- the First Sporty Electric SUV in Nepal, at NRs. 12.98 lakhs, or the BYD All-New e6, the Longest Range EV in Nepal, priced at NRs. 11.80 lakhs.

This financing arrangement will comply with the related directives and guidelines of the Nepal Rastra Bank, ensuring that customers are provided with a secure and trustworthy financing option. Everest Bank will be sanctioning the loan for BYD customers within 7 working days subject to submission of all required documents and also provide a 33% discount on prevailing loan processing fees. As part of this collaboration, BYD and Everest Bank are committed to making the transition to sustainable transport more accessible and affordable for Nepali consumers.

“BYD has always been committed to providing high-quality, eco-friendly mobility solutions to customers. We are proud to partner with Cimex Inc. to provide customers with easy and hassle-free financing options for the BYD ATTO 3,” said Ms, Yamuna Shrestha, Managing Director of Cimex Inc Pvt Ltd.

“We are excited to partner with Cimex Inc. and BYD to offer, innovative and eco-friendly electric vehicles that will help us build a sustainable future to general public. This partnership will allow EV enthusiast to easily avail of financing options for BYD EVs and contribute towards a greener environment,” said Mr. Keshav Raj Joshi, Dy. General Manager of the Everest Bank.

BYD is committed to promoting sustainable transport, and this agreement with Everest Bank is a step towards realizing that goal. With more affordable and accessible financing options, customers can now easily switch to electric vehicles, reducing their carbon footprint while enjoying the convenience and performance of a BYD electric vehicle.

Cimex is offering BYD ATTO 3 (NRs. 89.9 lakhs), the First Sporty Electric SUV in Nepal and BYD All-New e6 (NRs. 59 lakhs), the Longest Range EV in Nepal in the market.