India's well-known automobile manufacturer Mahindra and Mahindra has now come up with new schemes that can attract customers' emotions. There is a lockdown due to coronavirus and in this way, most of the economic sector and automobile sector have been affected. Many car manufacturing companies have introduced various schemes to boost their sales and now Mahindra is also financing 100% on-road for the sale of its SUV. The company is offering this finance scheme that you buy Mahindra SUV in 2020 and start giving EMI from 2021. To motivate buyers, Mahindra now has the longest loan time of 8 years for repayment. Mahindra interest rate is being discounted by 10 basis points for women buyers.
Mahindra is offering special schemes for doctors, healthcare workers, police officers and other Corona frontline workers and women buyers. In financial schemes, 50 percent processing fees are waived, with the option to buy cars and pay for doctors later.
This scheme gives 90 days of deferment which allows the buyer to start paying EMI only after 90 days. Policemen are getting high funding schemes and for those who are planning to buy BS6 pickup trucks, Mahindra has an offer where buyers will have to pay the same amount as a BS4 vehicle.