Kathmandu — Customers looking to purchase Toyota vehicles in Nepal can now access a special financing facility through a partnership between United Traders Syndicate (UTS) Pvt. Ltd., the authorized distributor of Toyota in Nepal, and NIC Asia Bank Ltd.
Under the agreement, customers can obtain auto loans for up to seven years at a fixed annual interest rate of 5.99 percent. The scheme also includes a discount of up to 25 basis points on the loan administration fee.
The financing facility will be provided in accordance with the bank’s lending policies and relevant directives issued by Nepal Rastra Bank.
Introduced ahead of the Dashain festival, the scheme is aimed at providing customers with easier access to vehicle financing and simplifying the process of purchasing their preferred Toyota vehicle.
The memorandum of understanding was signed by Rekha Shah Karki, Deputy General Manager of Sales and Marketing at UTS, and Amit K.C., Chief Business Officer of Retail Business at NIC Asia Bank.
