Laxmi Intercontinental and Global IME sign an MOU to extend financing on EVs 

Kathmandu, Nov 22. Laxmi Intercontinental, the sole authorized distributor of Hyundai vehicles in Nepal has signed a memorandum of understanding (MOU) with Global IME Bank Limited to extend financing options for its Electric Vehicles (EVs). Rupendra Wagle, Head of Small and Medium Credit Department of Global IME Bank Limited and Indra Prasad Sapkota, General Manager of Laxmi Intercontinental signed the memorandum of understanding.

Accordingly, customers can now finance their Hyundai EVs via Global IME bank at an interest rate of 12.99%. The vehicles purchased under the plan will be delivered within 3 working days. Global IME Bank Limited will be the largest bank in Nepal in terms of paid-up capital after the completion of its impending M&A with Bank of Kathmandu Limited. The contract signed between two parties as such will help a large number of EV enthusiasts get easy access to the vehicle of their choice from Hyundai.

Customers can visit any branch of Global IME or any of the 17 showrooms of Hyundai around the country and contact respective departments to avail the offers. Hyundai’s Kona and IONIQ 5 are two of the highest-selling EVs in Nepal. With this agreement, customers can easily avail both the options.

Hyundai Nepal has been undertaking various socio-economic initiatives to promote electric vehicles under its Be (v) the change initiative in solidarity with Hyundai Motor company’s commitment towards a sustainable future. The company hopes this MOU with one of the largest banks in Nepal helps EV ownership be easier for all.