NIC ASIA Bank partners with Sipradi Trading as financing partner; customers purchasing Tata cars to receive special credit scheme

NIC ASIA Bank and Sipradi Trading, the authorized distributor of Tata vehicles in Nepal, have inked an agreement to make the bank a financing partner for the dealer.

The agreement for the same was signed between Assistant CEO of the bank Mr. Santosh Kumar Rathi and VP of Sipradi Trading Mr. Saurav Raj Thapalia amid an event.

Following the agreement, Sipradi Trading will include the bank as its financing partner while selling the Tata cars whereas the customers purchasing the vehicle will receive special package of vehicle loan from the bank. In addition, Sipradi Trading will also wave off four to six months of installment amount for the customers under this scheme.

The bank has launched Super Chamatkarik vehicle loan with just 8.25% interest and 0.25% admin charge for the purchase of private and commercial vehicles where customers can receive upto Rs 2 crore in loan for a maximum period of 15 years, as per the media statement.

The bank currently provides its services to its strong customer base from its 326 branches, 465 ATM terminals, 102 extension counters and 64 branchless banking units throughout the nation.