Tata Motors joins with HDFC Bank to offer financing options

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HDFC Bank and Tata Motors have tethered up to announce some fascinating finance variants for Tata’s passenger car clients. This partnership has led to the launching of two new finance schemes for buyers. The schemes are named as ‘Gradual Step up Scheme’ and ‘TML Flexi Drive’ scheme. The two schemes are available on all Tata cars including the Nexon EV.

As per the first finance option, customers can avail of a low Equated Monthly Installment (EMI) of Rs 799 per lakh, depending on the product and variant, at a special rate of interest. The EMIs will increase gradually over a period of two years. Under the second scheme, it allows customers to choose any three months every year when they are required to pay an EMI of Rs 789 per lakh, depending on the product and its variant. Customers can also utilize the benefit up to 100 percent ex-showroom funding option on all Tata models including the Altroz and Harrier. Major speciality is that the available EMI options are highly flexible and the loan tenure is up to an extent of 5-years.

Marketing Head of Tata Motors commented on the roll-out of these finance scheme offers, that they are chastened to be a partner with HDFC Bank to roll out exciting offers for the customers. This was in calibration with Tata’s constant attempt to make safe personal mobility solutions more economical and accessible to individuals and families while contributing to the prosperity of this year’s festive season. Through these offers, they aim to boost customer morale and make the process of purchasing a car more favorable. Thereby it allows the customers to truly celebrate the festivities with their friends, families, and, loved ones.

Tata Motors disclosed in a statement that, the schemes will be available till the end of November 2020. It can be redeemed on the whole new BS-VI range of cars and Sport Utility Vehicles (SUVs) along with the Electric Vehicle (EV) range of the company. This finance options will help the customer to map their payment of Equated Monthly Instalments properly so that they can tide over the monthly high outflows easily. Thus it provides the ultimate power to choose and offers high flexibility to the customers.

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