Categories: Business

Auto companies offer easy financing option special benefits to boost sales

Photo: GOOGLE

Easy Car Loan

new Delhi. Car companies, which have seen a sharp decline in sales due to Corona crisis, are now entering the market with attractive offers to increase demand. Tata Motors and Mahindra have announced easy loan schemes with the help of which customers can buy cars at very low EMI. Companies plan to increase the demand for cars by giving easy loans, which will accelerate production. There are some conditions associated with these schemes, which can be completed by taking the customer home.

Mahindra & Mahindra has announced several schemes simultaneously in which customers will get a variety of discounts.

Buy today, pay from 2021 – Under this scheme you will become the owner of the car today but EMI will start from the year 2021.

3-month EMI exemption- Under this scheme, EMI will start after 3 months on buying a car today.

No down payment – Under this scheme, you will get finance at 100% on-road price by buying a car.

Step up EMI – The initial EMI in this scheme will be Rs. 1234 per lakh, there will be an increase in the coming time.

Mahindra has also offered 8-year loans, special discount rates for women.

Tata motors

Tata Motors has also introduced easy financing schemes for those wishing to buy a car. It also has an easy installment plan for Tiago, in which EMI will be Rs 5000 per month for the first 6 months (on a loan of 5 lakhs for 5 years), after which the EMI will be increased gradually. At the same time, 100 percent of the on-road price includes loans, long-term loans, special discounts for Corona warriors (doctors, nurses, police).

This post was published on May 20, 2020 1:06 pm

Content Team

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