Tata Motors has announced a new finance package to boost car sales amid the Corona crisis. Called 'Keys to Safety', the package offers customers easy-to-afford installments with long-term loans.
Tata Tiago can be purchased for Frontline Corona Warriors in the package at an EMI of just Rs 5,000 per month. The EMI will be on initial 6 months and loans up to Rs 5 lakh. After 6 months the amount of EMI will gradually increase. The maximum repayment period will be 5 years.
Tiago is also giving customers the option to choose from three value-addition options to pay the final EMI: The customer owns the car by paying around Rs 90,000 in cash on a Rs 5 lakh loan. In case of financial crisis, the customer can return to Tata Motors Finance. Option to refinance the final EMI.
Apart from Tiago, Tata Motors is offering 100% on-road finance to buy other cars or SUVs. Apart from this customers can take EMI scheme up to 8 years, which emphasizes monthly EMI. Tata Motors is offering special benefits of up to Rs 45,000 for frontline Corona Warriors (doctors, healthcare professionals, essential service providers and police).
This offer is available on all cars of the company except Ultra. Can choose the booking and finance option. After booking, the selected merchant will complete the process of purchasing the car by calling the customer, which will be completely online.
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