Ather Energy is partnering with SBI to provide financing options to interested buyers. The electric scooter maker plans to ease the process of purchase of EV two-wheeler for its buyers. Ather plans to use SBI’s massive reach in the country to provide wider financing options to its customers. As part of the association Ather Energy customers will get instant loans at interest rates as low as 9.55 percent per annum. Pre-approved loans will also be administered, depending on the buyer’s creditworthiness. SBI will offer the vehicle loans on their YONO mobile application as well as at their branch network, as the public sector lender ensures ease of adoption for the buyers.
With this collaboration, the original equipment manufacturer (OEM) aims to accelerate the growth of the electric vehicle (EV) ecosystem in the country. The customers, depending on their profiles, will be eligible to avail loans up to 85 percent of the on-road prices of the electric two-wheelers. Customers can avail the loan through YONO at an EMI of as low as Rs 251 per Rs 10,000 under SBI Easy Ride loan. We believe SBI Easy Ride loan scheme will offer a seamless two-wheeler owning experience to our customers”.