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  Prabhu Bank & Paramount Motors signs an agreement, loans to buyers of EVs

Prabhu Bank Limited and Paramount Motors Private Limited have struck an agreement.

The bank and Paramount Motors have agreed to make financing for MG electric vehicles more accessible.

Renu Prasad Pandey, Chief Business Officer for the bank, and Sachin Aryal, General Manager for Paramount Motors inked the agreement.

Customers can obtain a vehicle loan at a favourable interest rate when purchasing an MG model/brand electric vehicle imported by Paramount Motors Pvt. Ltd., according to the agreement reached between Prabhu Bank and Paramount Motors.

Loans are available through the bank’s 301 branches across the country, according to the bank.

The bank believes that this arrangement will help to maintain environmental balance by replacing automobiles that use petroleum products with electric ones.

[16 June, 2023 / makalukhabar.com ]   
 
 
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