It is true that with the COVID-19, the auto industry took a hit in the market and auto industry is facing troubles too. So to help in coping up the sales several carmakers are coming up with schemes to impress the buyers. Like Mahindra has come with new financing schemes that say, Own your favourite SUV now and Pay in 2021.
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Also, these financing schemes are extended towards the COVID-19 warriors (Doctors and Police Officials) that are helping the government. Yes, the normal customers are also benefitted from the new financing schemes Mahindra has brought in.
Schemes For Doctor, Police Officials and among others
Doctors - They can avail 50% waiver on processing fees and the 90 days moratorium in which they can buy the SUV now and pay their EMIs after 90 days
Police Officials - The officials can receive higher funding schemes
Pickup Vehicle Owners (ESP) - They can purchase the BS6 Mahindra pick-up truck and pay the EMIs same as the BS4 ones.
These financial schemes are only valid till June 2020 so if you want to own a vehicle then act fast
Own Now, Pay In 2021 - This scheme allows the buyers to own their favourite SUV now and begin their EMI payments from next year.
90 Days Moratorium - This gives a specific time to the owner to own the SUV now but pay for the EMIs 90 days later.
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Full Road Financing For Mahindra Buyers - With this scheme, customers need not pay any down payment and Mahindra is providing full financing for the on-road prices.
Special Schemes For Women - If any female is buying the car or the SUV is registered under woman then there's a 10 basis points discount on rate of interest.
Baloon and Step-up EMI - Under this scheme, the first three EMI will be lower for the customers and then for every year for the first three months they can pay 50% lowered EMIs in their 5-year long loan tenure. Then the remaining 25% of the loan amount can be paid at the end of the loan tenure. The Step-Up EMI allows the owners to take up the loan for as low as Rs 1,234 per lakh for the first year of the fixed loan tenure. Then EMI will rise by a certain percentage every year.
Highest Loan Tenure - Mahindra is allowing up to 8 years loan so the EMI is decreased.
Lowest Interest Rate - Customers can pay as low as 7.75 interest rate on their respective loan amount.
Hassle-Free Financing - Customers won't be charged for prepayment-foreclosure from the very first day.
Yellow Board Funding - For the taxi aggregators, Mahindra is also providing cab funding for a wide range of Mahindra SUVs.
