The Hyundai Motor India Ltd. (HMIL), the country’s First Smart Mobility Solutions Provider and largest Exporter since Inception, with its continuous commitment towards extending excellent services to its valued customers, has launched nationwide attractive Finance Scheme options in June, along with various financiers (HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Yes Bank and NBFCs like Mahindra & Cholamandalam Finance) to attract customers.
In order to encourage demand, the various finance options are available for different models and separate financiers. These are:
Longest Duration Scheme: Customers who want to pay the lowest EMIs to ease up the repayment of loan amount throughout the loan tenure, can opt for up to eight years for loan repayment.
Low Down payment: With the minimum possible down payment, customers can opt for up to 100 per cent on-road funding from financiers under this scheme for select Hyundai models.
Moratorium Scheme: Customers can buy the vehicle and can start repaying after 60 days.
3 or 6 Months Low EMI Scheme: Customers can opt for Low EMIs for the first 3 or 6 months and the balance amount in equal EMIs on loans with a tenure of three, four or five years.
Step-up Scheme: Under this scheme, customers can opt to pay a low EMI of Rs 1,234/lakh in the first year on a loan with a seven-year tenure. From the second year onwards, the EMI would increase subsequently every year, till the end of the loan tenure.
Balloon Scheme: Customers who would prefer to spend less in the current times but are confident of paying a higher amount later can opt for this scheme. Here, customers would need to pay a lower EMI for the first 59 EMIs and the last EMI will be 25 per cent of the loan repayment.
EMI Assurance: To ease the buying process, while keeping the fear of employment uncertainty at bay, a unique and Industry first customer program ‘Hyundai EMI Assurance Program’ has been introduced for select new Hyundai customers covering up to 3 car loan EMIs. The program covers the customers under uncertainties such as employment loss in view of Poor financial health/Acquisition/ Merger of the company or due to any applicable laws.
These finance schemes are available for the month of June, 2020. Hyundai said Terms & Conditions Apply for every scheme.
Customers can book their favorite Hyundai car through the online portal clicktobuy.hyundai.co.in . Existing customers can book their service in advance through “Hyundai Care” Mobile Application or through customer care website (www.customercare.hyundai.co.in).
Readers like you make Inside Northeast’s work possible.
To support our brand of fearless and investigative journalism, support us HERE.
The Inside Northeast app HERE for News, Views, and Reviews from Northeast India.
Do keep following us for news on-the-go. We deliver the Northeast.