Buy Scooty, Bikes from 947 showrooms of HeroMotocorp, Honda Motorcycle and TVS Motors with 1 Rupee down payment. No-Bank visit, No-processing charge, complete online. Flexible Repayment period – option of 3/6/9/12 months. EMI Without Credit Card, no hassle of going to Bank Branch.
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This is also an ideal option for Essential Service Providers, Shops and Healthcare professionals, students, home makers and each one who risk themselves travelling in Public Transport or spend huge money in Taxi or Car. Buying a two-wheeler is no more an difficult or Costly option. With Debit Card EMI offer, now you can buy a scooty or Bike and travel alone to office and important work without being scared of catching the virus in Public Transport. In the pandemic times, Own vehicle is safe vehicle.
Federal Bank is one of the first Bank to come with this flexible offer. You don’t even have to Visit Bank Branch. Use your Federal Bank ATM Card to buy in EMI.
Federal Bank introduces EMI facility for holders of Federal Bank Debit Cards to purchase two wheelers. Eligible customers of Federal Bank can own their favorite two wheeler by making a payment of ₹ 1/- at 947 showrooms of Hero MotoCorp, Honda Motorcycle and TVS Motor. The financing process involves no paper work or bank visit and is done completely online. Unlike conventional two-wheeler loans, hypothecation in favor of the Bank is not required for vehicles purchased on Debit Card EMI from Federal Bank. Customers can choose a repayment period of 3/6/9/12 months. There is no processing fee charged on loans under this scheme.
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Customers who purchase two wheelers from 793 Honda Motorcycle showrooms across the country availing EMI on Debit Card from Federal Bank will also get a cash back of 5% as festival offer. Customers can check their eligibility for EMI by sending an SMS in the format DC<space>EMI to 5676762 or giving a missed call to 7812900900.
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With sale of passenger vehicles and two wheelers showing an upward trend on the back of demand spurred by festive season and social distancing protocols and a reduction in GST for two wheelers on the cards, this option of easy finance and cash back offer is expected to give further impetus for Federal Bank customers wishing to own brand-new two wheelers. The Bank offers EMI on Debit Cards for purchase of consumer durables at over 36,000+ stores PAN India. The Bank has recently started offering EMI for purchases on e-commerce portals Amazon and Flipkart too.
Must read for Financial Education –
Let’s Talk Money – Monika Halan
I will teach you to be rich – Ramit Sethi
Rich Dad Poor Dad – Robert Kiyosaki
Easy Money Triology – Vivek Kaul
Aapka Paisa Aap Samhalein (आपका पैसा, आप संभालें)- Rajnish Kant
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