Electric two-wheeler startup Okaya EV has partnered with 12 financial institutions to offer customers attractive financing packages. The company has partnered with HDFC, Axis, IDFC, Loan Tap, Bike Bazaar and others to make its range of electric two-wheelers more accessible. Okaya said the partnership will help achieve a smooth and fast loan approval process and simplify financing procedures.
As part of the partnership, Okaya EV is offering interest rates starting at 5.99%. Customers can also choose from zero down payment, zero processing fees and flexible loan terms of up to 48 months for low-speed and high-speed electric vehicles. Okaya said loan approval would be completed within 30 minutes, simplifying the process.
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Commenting on the partnership, Dr. Anshul Gupta, Managing Director of Okaya EV said, “We are delighted to partner with 12 reputed finance companies to provide our customers with the best financing options in the market. A major step forward in our vision to build electric vehicles and bring EVs to a wider audience.By providing low interest rates, easy loan approvals and on-the-road financing, we aim to facilitate a seamless transition to EVs for a greener, cleaner contribute to the future.”
Okaya EV currently has more than 550 authorized dealers nationwide. The company’s lineup includes both slow and fast electric scooters, including the ClassIQ+, Freedom, Faast F2F, Faast F3, Faast F4, and more. Okaya also retails EV chargers ranging from 3.6 kW to 240 kW.
First published date: Jul 13, 2023 at 17:15 PM IST