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


Hero MotoCorp has also launched an Aadhaar-based loan application program, whereby customers only need 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 offer a range of new retail finance programs to its customers through its financial partners. It also aims to promote accessibility, availability, awareness and innovation in retail finance for customers in all segments, the company said in a press release.

The Carnival will continue until December 31, 2021. It allows customers from 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 mentioned release.

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

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

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

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Proprietary products for the two companies will be developed on the common platforms, and the companies will retail their products worldwide.

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.


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