The package will be offering easy financing schemes, affordable EMI options with longer loan tenures and special offers for frontline emergency responders
Tata Motors has announced easy finance schemes through a new program called ‘Key to Safety’ which will make Tata vehicle ownership easier. The company is offering 100 percent on-road funding for its entire line-up of cars. Customers can also take advantage of the long tenure EMI schemes (up to 8 years) thus lowering the amount of their monthly EMI payment. Also, COVID frontline responders may avail special benefits of up to Rs 45,000 are being offered on Tata cars except for the Altroz. Customers of the Tiago can now drive home their preferred variant with a customized EMI plan starting at just Rs 5,000 every month for 6-months. This EMI amount (for a loan amount up to Rs 5 lakh), then gradually increases over a maximum tenure of 5 years.
Furthermore, customers may choose from three options while paying their final EMI, they can pay their last bullet EMI in full (approximately Rs 90,000 on a loan of Rs 5 lakhs) and take full ownership of the vehicle, they may return the vehicle to financing partner Tata Motors Finance in case of any financial difficulty, or just choose to refinance the final EMI. Vivek Srivatsa, Head, Marketing, Tata Motors Passenger Vehicles Business Unit states “In the current times, with safety as the top priority, customers are seeking personal mobility options that are affordable and convenient to avail. Accordingly, we have designed this package to offer choice and enhance their entire experience of owning and driving our entire range of cars and SUVs”.