Paytm, India's largest mobile payment and e-commerce platform have announced two-wheeler loans for vehicles booked on their platform. The e-commerce portal has tied up with IndusInd Bank to launch two-wheeler loans and plans are to add more such lenders.
The customers can avail the loan while booking a two-wheeler on Paytm, you will have to pay the booking amount and then avail the loan on the balance amount from the lender. This results in many users can benefit from the wide range of two-wheelers available through Paytm's platform.
Paytm says that it makes the whole process of buying a two-wheeler on its platform a lot easier online. The company also offers insurance for two-wheeler apart from the new two-wheeler loans."This service will add to the comfort of ordering two-wheelers at attractive prices with the vehicle being delivered at your local dealership. With this move, we assist a larger set of customers through the complete automobile purchase journey," said Krishna Hegde, Vice President, Paytm.
S.V. Parthasarathy, Senior Executive Vice President & Head - Consumer Finance Division, IndusInd Bank Ltd. said, "This tie-up is yet another digital initiative under the Bank's theme of Responsive Innovation to offer innovative and unique banking experience to our customers while keeping the convenience in mind,"