United Traders Syndicate Pvt. Ltd. (UTS), the authorized distributor of Toyota in Nepal, has partnered with NIC Asia Bank to introduce a new vehicle financing scheme. This offer provides customers with a fixed annual interest rate of 5.99% for auto loans spanning up to seven years.
In addition to the fixed-rate option, customers can choose a variable interest rate, which is set at 1% above the bank's average base rate. Buyers can also benefit from a discount of up to 25 basis points on the loan administration fee. This reduction is subject to the bank’s lending policies and Nepal Rastra Bank directives. The facility is available immediately to assist customers planning to buy a Toyota vehicle during the Dashain festive season.
The agreement was finalized by Rekha Shah Karki, Deputy General Manager of UTS, and Amit K.C., Chief Business Officer (Retail Business) of NIC Asia Bank. Interested buyers should note that all loan approvals remain subject to the bank’s standard credit assessment and regulatory requirements. This financing option is now active for those looking to purchase a Toyota.
NIC Asia Bank has expressed confidence that this facility will enable customers to easily purchase Toyota vehicles and benefit from the attractive interest rates and streamlined loan processing.
Writes on vehicle pricing, taxation and the Nepali auto market from ongoing tracking of distributor price lists. Editorial policy.
