Hero Electric Partners with HDB Financial Services for Retail Finance, Auto News, ET Auto

0
HDB Financial Services Commercial Director Karthik Srinivasan noted that the NBFC will provide flexible and easy financing options for customers across the country to join the electric vehicle revolution.

New Delhi:

Hero Electric announced on Wednesday that it has partnered with HDB Financial Services, a non-bank finance company (NBFC), to provide easy financing options for the purchase of electric scooters. The collaboration will allow customers to have hassle-free loans with minimal documentation on their desired electric scooter, Hero Electric said in a statement.

The financing option will be available to Hero Electric customers through its extensive network of more than 700 dealers across the country, he added.

In addition, HDB will provide eligible clients with benefits such as attractive interest rates, flexible occupancy options and affordable EMI as part of the merger.

“Electric two-wheelers will become mass vehicles in the future, and easy financing is one of the essential cogs of the wheel. At Hero, we have a basket of financiers, offering a wide choice of ownership options to meet their needs, ”Hero Electric CEO Sohinder Gill said in a statement.

Our partnership with HDB Financial Services is a step forward in providing simple and transparent financing options beyond Tier 1 cities to promote clean and green travel, he added.

“We are confident that this collaboration will help our customers save significantly on their travel costs without having to pay up front,” said Gill.

HDB Financial Services Commercial Director Karthik Srinivasan noted that the NBFC will provide flexible and easy financing options for customers across the country to join the electric vehicle revolution.

Also read:

The Retail Finance Carnival will run until December 31, 2021. It allows customers from all segments of the country to have convenient access to financing and increase their purchasing power with offers such as zero down payment, zero rates. interest and zero processing fees, the company said.

As part of the merger, Bandhan Bank will provide loans to customers of Tata Motors at an interest rate starting from 7.50%. This plan will provide funding of up to 90% of the vehicle’s total on-road cost. Customers can also take advantage of special EMI options with a repayment term of up to 7 years.

Share.

Comments are closed.