Indian utility vehicle manufacturer Mahindra has now come up with new schemes that can attract customers’ sentiments. There is a lockdown due to coronavirus and so most of the economic sector and automobile sector have been affected. Many car makers have introduced various schemes to boost their sales and now Mahindra is also financing 100 per cent on-road for the sale of its SUV. The company is offering this finance scheme that you buy a Mahindra SUV in 2020 and start paying EMI from 2021. To motivate buyers, Mahindra now has the longest loan time of 8 years to repay. Mahindra interest rate is being discounted by 10 basis points for women buyers.
Along with this, Mahindra is offering special schemes for doctors, healthcare workers, police officers and other Corona frontline workers and women buyers. Fans are now waiving 50 per cent of processing fees with the option to buy cars and pay for doctors later.
The scheme offers a 90-day extension that allows the buyer to start paying EMI only after 90 days. Policemen are getting high funding schemes and for those who are planning to buy BS6 pickup trucks, Mahindra has an offer where buyers will have to pay the same amount as a BS4 vehicle.
Mahindra has a hassle-free financing option where there is no prepayment or foreclosure fee to be paid from day one and even includes a low interest rate starting from 7.75 percent. Mahindra is also offering taxi funding for a wide range of SUVs. Mahindra has started taking bookings through its online platform ‘own-online’. Using this online platform, anyone can book a vehicle and even physically deliver it at home without a dealership.