Toyota Kirloskar Motor and Bajaj Finance Limited have signed an MOU to provide enhanced retail finance options to make purchasing a Toyota vehicle more convenient and accessible for customers. BFL has also announced that it will commence its new 4-Wheeler Finance business from June 1, 2023, across 89 key locations in India, covering approximately 70% of the overall auto industry sales.
The key highlights of the partnership are higher affordability and enhanced Flexibility with the Flexi loan proposition, up to 100% On Road funding, competitive Interest Rates starting at 8.65% per annum, and a digital straight-through loan disbursement process. Flexi loan will allow customers to opt for higher models or variants, with eight years of funding and lower EMI for the first two years.
Customers will also have the flexibility to part pay the loan amount and drawdown money as per convenience.Mr. Atul Sood – Vice President, Sales and Strategic Marketing, Toyota Kirloskar Motor said,”We are thrilled to partner with Bajaj Finance Limited to enhance retail financing options for our valued customers.
