The Indian auto industry, which has been hit hard by the coronavirus virus, is now recovering from the situation and there has been good growth in sales of new auto companies. Auto sales have also recovered from the hardship, with Dussehra and Diwali celebrating the sale of new vehicles.
While most auto companies offer several offers to supplement the sales of new vehicles and offer simple credit facilities, the main attraction for car buying is that Tata Motors has also announced attractive offers on most of its car purchases.
Tata Motors has announced two new types of loan options, namely the Gradual Step Up Scheme and TML Flexi Drive, on the purchase of new cars, with a 100 percent exorbitant loan rate.
The Gradual Step Up Scheme Loan Offer offers customers an attractive interest rate of Rs. With a 799 EMI that can be quickly owned, the amount of EMI gradually increases after 2 years of making the car. Loan repayment has been given a maximum of five years and is currently beneficial for customers postponing the purchase of a new car coronavirus effect.
Customers who obtain another loan scheme, TML Flexi Drive, will be entitled to an EMI payment of three months per year based on the car variant at Rs.
By purchasing TML Flexi Drive Loan feet, customers will be entitled to an EMI refund for a total of 15 months for a period of five years to three months, with the eligible loan EMI amount being added to the EMI for the next month.
This means that the buyer of the car is entitled to an EMI refund exemption during the month in which the revenues are lower and new loans are being offered in conjunction with HDFC Bank.