After introducing the EMI Assurance Program, Hyundai has now introduced 5 new finance schemes to help buyers with varied finance options.
Hyundai recently announced its EMI Assurance Program, however, it seems like Hyundai has big plans to help its prospective customers. The company has now announced its 5 new finance schemes. With the new schemes, the brand is planning to increase its sales figures as the carmaker could not sell a single unit last month. Also, the carmaker claims that the new finance schemes will infuse confidence in buyers to buy cars in such challenging and uncertain times.
Hyundai Has recently introduced an EMI assurance program as well.
“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.”
Mr. Tarun Garg, Director (Sales, Marketing and Service)
5 Unique customer-centric car finance schemes offered by Hyundai are as given below:
3 Months Low EMI Scheme: Consumers are allowed to opt for low EMIs for the first 3 months, while the balance amount had to be paid in EMIs of an equal amount. It is applicable for loan tenure of 3 Year, 4 Year, and 5 Year. Also, this scheme can be availed on all Hyundai cars.
Step-up Scheme: In this scheme, customers will have to pay low EMIs of Rs 1234/lac for the first year for a loan tenure of 7 years. However, from the 2nd year, the EMI would increase by 11%, every consecutive year. This scheme can be availed on all Hyundai cars.
Balloon Scheme: In this scheme, customers will have a lower EMI (by almost 14 per cent in comparison to normal EMI) for 59 months, while the final EMI will be the 25% of the total amount to be repaid during the loan tenure. This scheme is also valid on Hyundai models.
Longest Duration Scheme: This scheme involves a loan tenure of 8 years. It is for those buyers who are looking for a finance scheme with small and easy monthly EMIs. However, it can be availed on select Hyundai models only.
Low Down Payment Scheme: Those looking for finance schemes with the lowest possible down payment can opt for this scheme. Buyers can get 100% funding for the on-road price of the car, but it available with selected Hyundai cars.