Muktinath Bikas Bank Limited Signs Agreement With Sipradi Trading or Tata Pickup, Commercial Vehicle Loans

Muktinath Bikas Bank Limited has signed an agreement with Sipradi Trading Pvt. Ltd. the official distributor of Tata vehicles in Nepal to provide loan financing for customers purchasing Tata pickup trucks and small commercial vehicles. 

The agreement was signed by CEO Tara Manandhar on behalf of Muktinath Bikas Bank while Vice President, Saurav Raj Thapaliya on the behalf of Sipradi Trading.

Under the deal, customers purchasing Tata-brand pickups and small commercial vehicles through Sipradi's authorized dealers will be eligible for concessional rate loans from all 176 branches of Muktinath Bikas Bank. The bank will finance up to 60 percent of the vehicle price for EV models and up to 70 percent for ICE models.

The partnership is expected to improve financial access for customers in business, agriculture and small enterprises seeking to purchase commercial vehicles, and to support business expansion, the bank said.