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Paytm and IndusInd Bank partners to offer loans for booking of two wheelers

The company tied up with IndusInd Bank to launch two wheeler financing and plans to add more lenders to provide more financing options for consumers.

BT Online   New Delhi     Last Updated: September 21, 2016  | 13:41 IST
Paytm and IndusInd Bank partners to offer loans for booking of two wheelers

Mobile payment and commerce platform, Paytm have announced the availability of financing options on two-wheelers booked on its platform on Wednesday.

The company tied up with IndusInd Bank to launch two wheeler financing and plans to add more lenders to provide more financing options for consumers.
 
While booking a two-wheeler on Paytm, customers will have to pay the booking amount and can then avail a loan on the balance amount from the financing partner.

"This service will add to the comfort of ordering two-wheelers at attractive prices with the vehicle being delivered at your local dealership. With this move, we assist a larger set of customers through the complete automobile purchase journey," said Krishna Hegde, Vice President, Paytm.

"This tie-up is yet another digital initiative under the Bank's theme of Responsive Innovation to offer innovative and unique banking experience to our customers, while keeping the convenience in mind," said S.V. Parthasarathy, Senior Executive Vice President & Head - Consumer Finance Division, IndusInd Bank Ltd.

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