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Home News India EV News

ZELIO Ebikes teams up with LoanTap for EV financing

Aditi Singh by Aditi Singh
December 11, 2024
in India EV News, News
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ZELIO Ebikes and LoanTap have launched a collaborative agreement to provide clients convenient financing choices. More EV aficionados will be able to buy ZELIO Ebikes’ wide variety of low and high-speed electric two-wheelers, including the well-liked X-Men, Gracy, Eeva, and Mystery models, thanks to this cooperation, which aims to improve accessibility and affordability for consumers nationwide.

A number of user-friendly advantages are provided by the partnership with LoanTap, which will increase accessibility to ZELIO electric scooter purchases. Customers can select repayment terms that best fit their financial circumstances thanks to LoanTap’s flexible payback plans. Customers are given transparency because there are no hidden costs and competitive low interest rates guarantee manageable monthly payments. Customers can travel with little delay thanks to the speedy approval procedure, and they may more easily budget their payments with customisable EMI choices. Additionally, LoanTap offers grace periods, which increase repayment flexibility, and its user-friendly app lets users manage their loan information at any time and from any location.

Dealers will directly benefit from ZELIO Ebikes’ cooperation with LoanTap, which will increase sales and improve client interaction. Notably, LoanTap has established straightforward eligibility requirements to facilitate the financing application process for a wider range of clients. Customers must be Indian citizens and at least 21 years old to qualify.

As the electric vehicle market in India develops, we are witnessing an increasing number of customers who are prepared to adopt EVs and are actively looking for financing solutions to make the switch, said Mr. Kunal Arya, co-founder and managing director of ZELIO Ebikes. We are able to satisfy that demand by providing clients with easily accessible and adaptable financing options thanks to our collaboration with LoanTap. Through this partnership, we’re increasing the number of individuals who are transitioning to environmentally friendly modes of transportation and extending the nationwide reach of electric vehicles.

“We are excited to collaborate with ZELIO Ebikes in promoting electric two-wheelers as the future of sustainable transportation,” said Satyam Kumar, CEO and co-founder of LoanTap. This partnership is ideal given LoanTap’s adaptable, open, and customer-focused finance strategy. We are thrilled to be a part of ZELIO’s mission to increase the number of Indian consumers who can access electric mobility.

Dealers of ZELIO Ebikes will have all the resources and tools they need to properly market and educate their clients about LoanTap financing possibilities. To make sure dealers are ready to help customers make educated purchase decisions, this includes training sessions on financing specifics, dealer engagement initiatives, and the creation of Standard Operating Procedures (SOPs). LoanTap will run exclusive promotions and time-limited offers to further entice clients, making sure that more people can take advantage of alluring financing offers while buying ZELIO Ebikes.

Tags: electric mobilityelectric two-wheelersEV newsev times newsLoanTapZELIO Ebikes
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