Paytm has entered into a strategic tie-up with Indusland Bank for Two-Wheeler loan facility while booking the vehicle from its e-commerce platform. The company plans to add more financing partners to offer wide of financing options available to the customers.
Indusland Bank said in a statement, Customers will have to pay the booking amount and can then avail a loan on the balance amount from the financing partner.
Krishna Hegde, Vice President, Paytm said,
“This service will add to the comfort of ordering two-wheelers at attractive prices with the vehicle being delivered at your local dealership. With this move, we assist a larger set of customers through the complete automobile purchase journey.”
S.V. Parthasarathy, Senior Executive Vice President & Head – Consumer Finance Division, IndusInd Bank Ltd said,
“This tie-up is yet another digital initiative under the Bank’s theme of Responsive Innovation to offer innovative and unique banking experience to our customers, while keeping the convenience in mind.”