- Unique Customer Centric Car Finance Schemes offering convenience and ease of ownership:
- 3 Months Low EMI Scheme*
- Step-up Scheme*
- Balloon Scheme*
- Longest Duration Scheme*
- Low Down Payment Scheme*
Mumbai, May 08 2020: Hyundai Motor India Ltd., country’s first Smart Mobility Solutions Provider and the largest exporter since inception, today announced 5 Unique Customer Centric Car Finance Schemes to empower customers with peace of mind and convenience during these challenging and uncertain times.
Commenting on the announcement of Unique Customer Centric Car Finance Schemes, Mr. Tarun Garg, Director (Sales, Marketing and Service) said, “Hyundai has always been at the forefront of driving customer focused initiatives and yet again we are leading the way with 5 Unique Customer Centric Initiatives. Under these challenging times, it is vital that we empower customers with such programmes that ease their financial burdens and assist them in staying on track with life goals such as buying their favourite Hyundai Car.”
5 Unique Customer Centric Car Finance Schemes extending choice to Hyundai Customers through various finance institutions are as given below:
- 3 Months Low EMI Scheme*: Customers can opt for Low EMIs for the first 3 Months and the balance amount in remaining equal EMIs for 3 Year, 4 Year & 5 Year loan tenures. This scheme is valid for all Hyundai models.
- Step-up Scheme*: With this scheme, customers need to pay low EMI of Rs 1234/lac for the first year for a 7 year tenure loan. From the 2nd year onwards; the EMI would increase by 11% every year till the end of the loan tenure. This scheme is valid for all Hyundai models.
- Balloon Scheme*: Customers who want to spend less in current times but are confident of paying higher amount later can opt for this scheme. Here customer would need to pay a lower EMI ( ~14 % Lower than normal EMI ) from 1st to 59th Month and the Last EMI will be 25% of Loan repayment. This scheme too is valid for all Hyundai models.
- Longest Duration Scheme*: Customers who want to pay smallest amount monthly EMIs to ease up the repayment of loan amount throughout the loan tenure, can opt for up to 8 years of loan repayment duration. This scheme is valid for select Hyundai models.
- Low Down Payment Scheme*: With the minimum possible down payment, customers can opt up to 100% On-road funding from financers under this scheme. This scheme is valid for select Hyundai Models
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is India’s first smart mobility solutions provider and the number one car exporter since inception in India. It currently has 11 car models across segments SANTRO, GRAND i10, GRAND i10 NIOS, ELITE i20, AURA, VENUE, Spirited New VERNA, All New CRETA, ELANTRA, New 2020 TUCSON & KONA Electric. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of advanced production, quality and testing capabilities.
HMIL forms a critical part of HMC’s global export hub. It currently exports to around 88 countries across Africa, Middle East, Latin America, Australia and Asia Pacific. To support its growth and expansion plans, HMIL currently has 517 dealers and more than 1,330 service points across India. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million-dollar R&D facility in Hyderabad. The R&D centre endeavours to be a centre of excellence in automobile engineering.
Log on to www.hyundai.co.in for more information
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