The second wave of the COVID-19 pandemic has hit the Indian market quite hard. The outbreak of the disease led to another lockdown in most states of the country. Due to the lockdown, uncertainties have cropped up. In response to the COVID-crisis, Mahindra is offering special purchase schemes for its customers.
Under the new schemes, Mahindra allows a measure of financial flexibility for the customer. Apart from the financial flexibility, the brand also offers contactless ownership experiences to customers. This contactless ownership facility is available on the entire range of Mahindra vehicles. The brand announced that the company intends to make Mahindra vehicle ownership safe and affordable through the new schemes.
Own Now and Pay after 90 days
Under the new scheme, customers can purchase their desired Mahindra vehicle and pay the EMI starting three months from purchase. Customers providing essential services as well as from the commercial vehicle sector can also choose this option. This allows the customers to earn, save and pay the three months EMI.
In 2020, Mahindra introduced the Own Online platform for the digital purchase of Mahindra cars. The contactless digital initiative continues for the purchase of Mahindra vehicles and facilitates online loan sanction letter and the option for offline finance partners. The safety net will also improve the pandemic buying experience.
Mahindra also offers an additional INR 3,000 on online bookings and a further INR 2,000 for online loan sanction. This will encourage tech-savvy customers to purchase online. The brand will also offer a special processing fee and rate of interest for such customers. The brand also provides the chance to convert the accessories, extended warranty or workshop payments into EMIs and also avail a cashback of INR 3,000.
Other Finance Options
Mahindra also offers the lowest interest rate, starting from 7.25% and up to 100% on-road funding. The brand also gives the option of the highest tenure up to 8 years for personal UVs. Customers can purchase vehicles with EMI starting as low as INR 799 per lakh for personal UVs. The brand is also offering Nil foreclosure charges on Mahindra vehicles. Also, Mahindra offers the lowest Rate Of Interest for Bolero Pickup and BMT, starting from 9.4%. The Bolero pickup also comes with the highest tenure of 6 years.
- Mahindra offers 3 month extension of warranty & free service period
- 9 New Mahindra SUVs Coming to India, Electric Models as Well