Ather Energy has announced a partnership with Jana Bank. The collaboration with Jana Bank aims to increase the availability of Ather scooters and hasten the uptake of electric vehicles in India.
Customers of Ather are now able to apply for two-wheeler loans with a minimum deposit of up to 5%, quick processing, competitive interest rates, simple MI repayment options, and flexible terms ranging from 12 to 48 months. Additionally, Jana Bank will provide loans to Ather’s new-to-credit customers, who make up about 20 to 25 percent of the total customer base.
“Over the past few years, Ather has partnered with a number of reliable financial institutions to offer our customers lucrative financing options in order to facilitate a stress-free transition to EVs,” said Ravneet S. Phokela, Chief Business Officer at Ather Energy. Leading banks, NBFCs, and financial institutions will remain our partners.
Customers can visit any Ather Experience centres or Jana Small Finance bank designated storefronts to check their loan eligibility and complete other formalities in less than 10 minutes. Additionally, Jana Small Finance bank customers can trade in their old two-wheelers and receive an exchange bonus of up to Rs 4000 through Ather’s exchange programme.
According to Pradeep Rebello, Head of Two Wheeler Finance at Jana Small Finance Bank, “Jana Bank digitally will give customers a wonderful ownership experience in conjunction with Ather Energy. The green environment and sustainable transportation will also benefit from this powerful combined product proposition.
