The new ‘Buy Now and Pay After Six Months’ scheme on the TVS XL100 will be applicable till July 31, 2020.
TVS Motor Company has introduced a first-of-a-kind ‘Buy now Pay after six months’ EMI scheme in the Indian two-wheeler industry for TVS XL100. This offer is valid till 31 July, 2020.
This is the scheme for people who are looking to buy the TVS XL100, but facing problems due to financial strain caused by the coronavirus pandemic. The XL100 is hugely popular among small businesses and people used to carry a sizeable chunk of goods. Once the applicable customer avails the scheme after the purchase of TVS XL100, they are offered a moratorium of six months before the commencement of EMI payment. In effect, the customer gets a six-month holiday from EMI.
It is important that the Loan To Value ratio (LTV) for this scheme is fixed at 75 per cent. This means that person can take a maximum loan of up to 75% of total on-road price of the TVS XL100. In regular terms, customers can take loan up to 90 percent of the total on-road value; however, the EMIs will start immediately.
This scheme is in-line with TVS Motor Company’s endeavour to create innovative and affordable mobility solutions. It will enable the customers to purchase vehicles for their immediate requirement.
The BSVI compliant TVS XL100 is available at a price tag of Rs 44,294 for the Heavy Duty variant. The top-spec Comfort variant is priced at Rs 46,114. Powering the XL100 is a 99.7cc four-stroke engine that is capable of producing 4.3bhp at 6,000rpm and maximum torque of 6.5Nm at 3,500rpm.