Tata Motors Introduces New EMI Moratorium Scheme On Select Model Range

Tata Motors has announced the launch of a novel and attractive financing offer on its select models in the line-up. The new finance scheme offers customers a six-month moratorium on monthly instalments.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

However, customers are required to make the interest payment during the moratorium period. The vehicles included under the scheme are the Tiago, the Nexon and the brand's premium-hatchback offering, the Altroz.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

In addition to EMI moratorium, the company is also offering several other finance schemes. This includes zero down payment and can avail up to 100 per cent on-road funding on four-wheeler loan for a period of five-years.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

Tata Motors has partnered with Karur Vysya Bank (KVB), one of India's oldest and most trusted banking institutions in India. The new finance scheme is offered to both salaried and self-employed customers depending on the eligibility.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

The partnership aims to make safe personal mobility solutions more affordable and accessible to individuals and families and help maintain norms of social distancing. The new finance scheme will help protect the customer in case of an employment uncertainty during the ongoing Covid-19 crisis.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

Alongside the new finance schemes, Tata Motors is also offering affordable, step-up EMIs on long tenure loans of up to eight -years through its association with multiple financing partners. The company aims to provide a financing solution that suits the customer as per their requirement.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

The Tata Altroz premium hatchback can also be purchased through finance with EMIs starting at just Rs 5,555. While the Nexon compact-SUV and the brand's entry-level model Tiago are also available for EMIs starting at only Rs 7,499 and Rs 4,999, respectively.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

Potential buyers looking to avail the new finance scheme or any of the offer mentioned above can visit their nearest Tata Motors dealership. Alternatively, customers can also check on their online sales retail platform called ‘Click to Drive'.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

In addition to the sales enquiry, customers can also request a test drive, make bookings and select their preferred financing option via the online platform. With ‘Click to Drive', the company aims to offer its customers an end-to-end online portal for sales and service that can be accessed from the comfort and safety of their homes.

Tata Motors Introduces EMI Moratorium Scheme For Tiago, Nexon & Altroz

Thoughts About The Tata Motors Introducing New EMI Moratorium Scheme On Select Model Range

Tata Motors has introduced a new finance scheme to offer ease of ownership during these unprecedented times. It will help buyers looking to invest in personal transport due to the pandemic and the need for social distancing. The company is also offering test drives on-demand at the customer's preferred location.

Most Read Articles

English
Read more on: #tata motors
Article Published On: Thursday, July 9, 2020, 12:40 [IST]
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Drivespark sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Drivespark website. However, you can change your cookie settings at any time. Learn more