The recent COVID-19 pandemic has impacted almost everyone. Therefore, Tata Motors is supporting its customers by launching new finance schemes to help the passenger car family in these trying times. The automaker has announced its partnership with IndusInd Bank to roll out the latest finance scheme on the New Forever Range of Tata Cars.
The new finance scheme reduces the burden on the customers by offering innovative loan options. Both Tata Motors and IndusInd Bank understand that customers are going through a challenging financial situation during the time of the pandemic. Nevertheless, a safe and hygenic mode of commute is also essential and helps keep the entire family safe. Therefore, many individuals seek to buy new vehicles for their families, which will help the customer.
Tata Motors & IndusInd Bank
Under the new partnership, the Company will provide a new Step Up scheme to customers who wish to buy Tata cars. The New Forever Range will come with a special low EMI option for the first 3-6 months. The Company has also lowered the EMI options by 60%, and under the Step Up Scheme, customers can opt for EMI options starting from INR 834/- per lakh per month, depending on the product.
According to the brand, the scheme offers low EMI payments for 3-6 months, depending on the customer. The Company also announced that the scheme will be available with non-income proof funding and flexible tenures of 1-7 years. Furthermore, the purchase of the Harrier, Safari or Tigor gets a loan to value (LTV) of up to 85%. In addition to this, the Tiago, Nexon or Altroz customers get an LTV of 90% on the ex-showroom price.
Tata Dark Edition
The brand has also launched new Dark edition cars in the Indian market. These include the Tata Altroz Dark, Nexon Dark, Nexon EV Dark and the Harrier Dark. To learn more about the Dark edition Tata cars, click on the link below.