On Wednesday, Bajaj Auto announced that it has partnered with HDFC bank to facilitate retail financing solutions for its customers. Bajaj Auto has launched a brand new finance option for prospective customers. this selection, offered in collaboration with the HDFC Bank, will enable folks interested in buy a Bajaj two-wheeler to avail vehicle loans without any hassles.
Bajaj Auto has joined hands with HDFC bank to reduces losses and supply bikes in an easy manner to customers because of lockdown. this can certainly be beneficial for people who would like to limit the number of visits to the bank to finish the loan procedure during the coronavirus pandemic. Furthermore, in service to the requirement for social distancing, the company added that this whole process is going to be completely digital. What this implies is that people fascinated by buying a Bajaj bike or scooter are going to be ready to secure a loan for it while not having to go to the bank or dealership.
Sarang Kanade, President – Motorcycles, Bajaj Auto Ltd. said, “We are pleased to supply retail financing solutions to our customers by joining hands with HDFC Bank. The bank’s pan India presence will help us further expand our customer base in India and this can be extremely beneficial for our potential customer who may have financing support amidst the COVID-19 lockdown. To provide a seamless experience to our customers both Bajaj Auto and HDFC Bank committed to.” With the help of this process, not only the customers get a loan but they will not have to travel around the bank for this.
To offer much frowned-upon teaser loans, several other Indian automakers have also tied up with banks as sources say the RBI. Bikes of Bajaj’s Pulsar range are very well-liked and are in great demand across the country. However, the outbreak of coronavirus resulting in lockdown for more than 2 months, sales of bikes have been adversely affected and many of the company’s dealerships are still closed. Now, dealerships are opening with mandate rules such as wearing masks and gloves, using sanitizer, etc.