Tata Motors has introduced new finance options for its best-selling car in India – the Tata Tiago. This includes longer loan tenures, lower EMIs, and 100% finance options. The schemes have been introduced as part of the company’s ‘Keys to Safety’ promotion package.
The most interesting of these schemes enables the customers to fix the EMI at Rs. 5,000 per month for the first 6 months. This is applicable for loans upto Rs. 5 lakh that are taken for durations upto 5 years. Post the first 6 months, the instalments will gradually increase.
The final month’s EMI will be worth Rs. 90,000. Customer can either pay this amount to get ownership of the vehicle, or return the car to Tata Motors Finance. Customers also have the option to re-finance the final EMI to convert the Rs. 90,000 to smaller EMIs.
Additionally, the company has introduced long-term finance options of upto 8 years for the Tiago. There is even an option to get 100% finance for all Tata cars on sale in India. It is worth noting that Tata recently announced discounts of upto Rs. 45,000 for its range of cars, except the Tata Altroz.