KATHMANDU, Sept 16: NMB Bank has launched its automobile financing plan for NADA Auto Show. Issuing a press release, the bank said it would finance up to 80 percent of the amount and charge 6.99 percent interest per annum.
Revised interest rate corridor system introduced
The bank has claimed that its interest rate on auto loan is the lowest offered by commercial banks.
"This scheme is exclusively for the NADA Auto Show. We have been receiving overwhelming response from customers and exhibitors," the release added.