Mega Bank Launches New Auto Loan Scheme

August 29: Mega Bank Limited has launched an attractive auto loan scheme in collaboration with Pioneer Moto Corp.

The bank said in a statement that it has signed an agreement with Pioneer Moto Corps to provide easy installment for auto loans.  

With the agreement, customers can now procurement Datsun and Nissan cars sold by Pioneer Moto Corps with ease.

The bank has agreed to provide finance facility with nominal interest rate and ten-year payback duration to the individuals willing to buy Datsun and Nissan car.

Rabina Desraj Shrestha, assistant deputy CEO of Mega Bank, and Gyanendra Chand, managing director of Pioneer Moto Corps, signed the agreement on behalf of their respective organizations amid a recent function.

According to the agreement, individuals can now procure any model of Datsun and Nissan cars available at Pioneer Moto Corps with 35 percent down payment and monthly installment of just Rs 12,999.

The bank in a statement informed that it will finalize its decision of providing loan within 24 hours of staring the process of loan procurement under the agreement. The loan will be granted within a week’s duration by the bank.

Mega Bank recently has signed similar agreement with Narayani Auto Business, the authorized distributer of Suzuki vehicles in Nepal.