Muktinath Bikas Bank Offers Financing for Bull Machines
Muktinath Bikas Bank has partnered with Autoways to finance Bull construction equipment purchases, offering up to 50% of the dealer invoice value against the machine itself as collateral.
Muktinath Bikas Bank Limited has signed a memorandum of understanding (MoU) with Autoways Pvt. Ltd., the authorized distributor of Bull Machines in Nepal, to provide financing facilities to customers purchasing Bull construction equipment.
Under the agreement, the bank can finance up to 50% of the dealer’s invoice value, with the Bull Machine itself accepted as collateral.
Customers providing additional acceptable fixed-asset collateral may be eligible for financing of up to 80% of the invoice value, subject to the bank’s credit assessment and prevailing lending policies.
The agreement was signed by Baburam Dhakal, Head of Gandaki Region at Muktinath Bikas Bank, and Narayan Prasad Paudel, Chairman and Managing Director of Autoways.