'MBL Easy Car Loan' launched

KATHMANDU, Sept 14: Machhapuchchhre Bank Limited (MBL) has announced 'MBL Easy Car Loan', targeting visitors of NADA Auto Show.

Issuing a press release on Monday, the bank said that it will offer auto loans at 7.99 percent interest rate with 80 percent financing and 0.5 percent processing fee. The bank also said that it will also offer 'Two Minute Eligibility Test' in the Auto Show whereby visitors can undergo the test on how much s/he can get loans under this scheme.

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The bank will also provide loan eligibility certificate which offers the information about the credit limit for the auto loan.

"Visitors submitting the certificate at any of the branches of the bank until mid-September will be entitled for the 'MBL Easy Car Loan' scheme," the release added. The six-day Nada Auto Show will begin at Bhrikutimandap Exhibition Center on Wednesday.