Muktinath Bikas Bank Signs MOU with Autoways Sign Deal for Bull Machine Financing

Muktinath Bikas Bank Limited have signed an 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 by keeping the Bull Machine itself as collateral.

The agreement was signed by Baburam Dhakal, Head of Gandaki Region at Muktinath Development Bank, and Narayan Prasad Paudel, Chairman and Managing Director of Autoways. 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.