Hero MotoCorp opens financial carnival for customers across India, Auto News, ET Auto

Hero MotoCorp has also launched an Aadhaar-based loan application program, under which customers are only required to present their Aadhaar card to be eligible for vehicle financing.

New Delhi:

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today launched a special Retail Finance Carnival to bring a range of new retail finance programs to its customers through its finance partners. It also aims to promote accessibility, availability, awareness and innovation in retail financing for customers across all segments, the company said in a press release.

The carnival will continue until December 31, 2021. It allows customers in all segments of the country to have convenient access to financing and increases their purchasing power with attractive offers such as zero down payment, zero interest rates and zero processing fees, the release mentioned.

The Carnival also offers innovative financial products to its customers, such as Kishan Kisht, No Hypothecation and Suvidha (no bank check).

Hero MotoCorp has also launched an Aadhaar-based loan application program, under which customers are only required to present their Aadhaar card to be eligible for vehicle financing.

Customers can visit authorized Hero MotoCorp dealerships and online channels to take advantage of the programs, the statement added.

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Products exclusive to both companies will be developed on the joint platforms and the companies will retail their products worldwide.

As part of the combination, Bandhan Bank will provide loans to Tata Motors customers at an interest rate starting at 7.50%. This plan will provide financing of up to 90% of the total road cost of the vehicle. Customers can also benefit from special EMI options with a repayment term of up to 7 years.