Follow-up from our previous blog: NADA Auto Show 2024As the NADA Auto Show 2024 ignites excitement among automotive enthusiasts, banks are stepping up with exclusive auto loan rates, tenures, and attractive financing options tailored specifically for event participants. These auto loan offers are available only to those who attend the show, which concludes on Sunday, September 1. Here’s a comprehensive overview of the current offerings:BANK OFFERS FOR NADA AUTO SHOW 2024BanksFixed RateFloating RateTenureNABIL8.49% 7 yearsNABIL8.25%-5 yearsNIMB -Base rate + 1%5-7 yearsMBL-Base rate + 0.5% 8 years (6 years for EV)HBL-Base rate + 0.5% 8 yearsSanima Bank8.49%-10 years for new, 5 years for used, 7 years for EVsADBL8.99%-7 yearsMLBL9.99%-5-8
yearsLaxmi Sunrise8.99%-7 yearsBANK FINANCING & OTHER OFFERSBanksFinancing Other OfferNABILUp to 80% EV loan,50% Auto loan (private) Credit card up to 2 lakhsNABILUp to 80% EV loan , Up to 50% Auto loan (private)Credit card up to 2 lakhsNIMB BankUp to 80% EV loan, Up to 50% Auto loan (Private ) MBLUp to 70% EV loan, Up to 50% Auto loan HBLUp to 80% EV loan, Up to 50% Auto loan (Private ), Auto loan (Commercial) Up to 80% Sanima BankUp to 80% EV loan, Up to 50% Auto loan (Private ), Auto loan (Commercial) Up to 80% ADBLUp to 80% MLBLUp to 80% Laxmi SunriseFinancing up to 80%Free Visa ATM ,iBank, and mobile money for 1 yearExclusive Loan Rates and TenuresNabil BankFixed Rate: 8.49% for a 7-year tenure and 8.25% for a 5-year tenure.Financing: Up to 80% loan for Electric Vehicles (EVs), up to 50% for private auto loans, and up to 70% for commercial auto loans (based on VAT Bill and land/building with a minimum of 50% Distress Value).Other Offers: Credit card facility up to NPR 2 lakhs.NIMB BankFloating Rate: Base rate + 1% (7.64% + 1% = 8.64%) for tenures of 5 to 7 years.Financing: Up to 80% loan for EVs, up to 50% for private auto loans, and up to 80% for Hire Purchase agreements.Machhapuchchhre Bank LimitedFloating Rate: Base rate + 0.5% (8.50% + 1% = 9.50%) for an 8-year tenure (6 years for Electric Vehicles).Financing: Up to 70% loan for EVs and up to 50% for private auto loans.Himalayan BankFloating Rate: Base rate + 0.5% (8.86% + 0.5% = 9.36%) for an 8-year tenure.Financing: Up to 80% loan for EVs, up to 50% for private auto loans, and up to 80% for commercial auto loans.Sanima BankFixed Rate: 8.49% with varying tenures—up to 10 years for brand new vehicles, 5 years for used vehicles, and 7 years for Electric Vehicles.Financing: Up to 80% loan for EVs, up to 50% for private auto loans, and up to 80% for commercial auto loans.ADBLFixed Rate: 8.99% for a 7-year tenure.Financing: Up to 80% loan for vehicles.Mahalaxmi Bikash BankFixed Rate: 9.99% for tenures between 5 and 8 years.Financing: Up to 80% loan for vehicles.Laxmi Sunrise BankFixed Rate: 8.99% for a 7-year tenure.Financing: Up to 80% loan for vehicles.Other Offers: Free Visa ATM, iBank, and mobile money services for 1 year.These offers are designed to make the transition to a new vehicle—whether it be a traditional automobile or an electric vehicle—more accessible to a broader audience. Remember, these offers are exclusive to attendees of the NADA Auto Show 2024, so if you're planning to make a purchase, now is the time to act.The Electric Revolution at NADA Auto Show 2024The NADA Auto Show 2024 is marking a significant shift towards electric vehicles (EVs), underscoring a growing trend in the Nepali automotive market. This year, the show is dominated by a variety of EVs, particularly from Chinese manufacturers, which are setting new benchmarks in the industry.Surge in Chinese Electric VehiclesChinese electric vehicle (EV) manufacturers are making a powerful impact at the NADA Auto Show 2024, unveiling a diverse lineup of innovative and technologically advanced models that appeal to a wide range of consumers. Leading the charge are brands like Zeekr, Xpeng, and Dongfeng Nammi, each showcasing vehicles that blend cutting-edge technology with sleek, modern design.For example, Zeekr has introduced its luxury compact SUV, the Zeekr X, which is available in both single-motor and dual-motor configurations. With impressive driving ranges and premium features, the Zeekr X is rapidly establishing itself as a key player in the luxury EV market.Similarly, Xpeng has drawn significant attention with its Xpeng G6, a sleek SUV that combines a coupe-like design with state-of-the-art safety and autonomous driving technologies, making it a top contender in the mid-range EV segment.Additionally, the Avatr 11 from another emerging Chinese brand boasts a remarkable driving range of up to 680 km, demonstrating significant advancements in battery efficiency and energy management.These vehicles are not just about cutting-edge technology; they are a testament to the growing influence of Chinese automakers in the global EV market, offering high performance, reliability, and sustainability.Why EVs Are Stealing the SpotlightThe growing focus on EVs at NADA Auto Show 2024 is a reflection of the broader global shift towards sustainable transportation. In Nepal, this shift is gaining momentum as consumers become more environmentally conscious and as the government encourages the adoption of cleaner energy vehicles. The event also showcases how these vehicles are not just limited to urban use; models like the Radar RD6, an electric pickup truck, highlight the versatility and ruggedness that EVs can offer.Don't Miss Out – Act Now!It’s important to note that all the loan and financing options available for these vehicles are exclusive to participants who attend the NADA Auto Show 2024. The event runs until Sunday, September 1, so don’t miss your chance to explore these cutting-edge vehicles and take advantage of the exclusive offers. For more details on financing, check out our Saral Banking Sewa, where we offer tailored solutions to make your EV purchase even more accessible.
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