February 10: Shahayogi Bikas Bank is all set to finance in three-wheelers segment of automobile. The bank has signed an agreement with Baba Automata Trading Pvt Ltd for facilitating customers to purchase three wheelers. The bank’s CEO Binaya Rijal and the company’s proprietor Bishal Shah inked the agreement amid a function in Lalitpur on Saturday, February 9.
Following the agreement, the bank will be the bank will finance up to 60 percent of the total price of three-wheelers sold by the company. In case if the customers keep their houses and lands as collateral, the bank will finance up to 70 percent for the purchase. The customers will have to clear the bills within three years, said the bank. However the time limit can be extended on mutual agreement.