Hero Electric has announced a strategic collaboration with IDFC First Bank to offer its customers easy and affordable finance options.
With a low equated monthly instalment starting at just INR 2,731 and a 100% loan-to-value (LTV) offer, customers opting for this option will have the flexibility to repay their loans conveniently over an extended period.
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Simultaneously, the E2W leader has also collaborated with other financial institutions to enable customers to purchase any model from Hero Electric's Optima range or NYX with a minimal down payment of INR 8,190.
Sohinder Gill, CEO Hero Electric, said, “A critical aspect of the success of EVs in India is easing the financial burden on buyers. Our constant aim has been to find synergies with banks and financial institutions to make E2Ws exciting and affordable.”