Everest Bank Tie Up With Morang Auto Works For Yamaha Bike FinanceDecember 1, 2009
Everest Bank started its operation in 1994 with a view and objectives of extending professionalized and efficient banking services to various segments of the society. The bank has been offering various innovative products and services since its inception.
To facilitate bike finance, EBL has tied up with Morang Auto Works for Yamaha bike financing. Mr. P. K. Pradhan, DGM from EBL and Mr. Vishnu Kumar Agrawal, CEO of Morang Auto Works signed on the Agreement. Now EBL facilitate loan for Yamaha bike purchase. Initially, the bank has launched this scheme for KTM valley only from its Kirtipur branch. The bank will finance upto 70% of quotation price or maximum Rs 2.00 Lac at 10.00% interest rate. The loan will be repaid within 3 years time period. Earlier, EBL has made such tie up with Hansaraj Hulas Chand and Company for Bajaj bike and Syakar Company Ltd. for Honda/Hero-Honda bike. EBL is the first private commercial bank which has introduced bike finance facility in the country.