KATHMANDU:VG Impex Pvt Ltd, the sole authorised importer and distributor of GWM brand of vehicles for Nepal, has collaborated with Everest Bank Ltd (EBL) for financing its popular IC Engine models like Haval H6, Haval Jolion GWM Poer, and GWM Wingle 5 and the Electric Crossover Ora 03. The memorandum of understanding was signed by Rupesh Sharma Bhatta, vice-president of VG Impex Pvt Ltd (GWM-Nepal) and Gaurav Kumar, deputy general manager of EBL, marking a significant step towards making GWM vehicles more financially accessible to customers, as per a press statement. Long fight for equality lies ahead for Nepal's sexual minorities Livability of Kathmandu Valley: From Heaven in the past to a virtual hell now This collaboration has been done in order to ensure customers who are interested in purchasing GWM models get the benefit of seamless retail financing experience. EBL will provide maximum 80 per cent loan at attractive ROI for up to seven years. Minimum effective ROI is 10.80 per cent for the loan tenure up to three years. A version of this article appears in the print on July 27, 2023, of The Himalayan Times.