Home Bike News BattRE electric scooter to offer Finance, EMI to all - Even those...

BattRE electric scooter to offer Finance, EMI to all – Even those without CIBIL score

BattRE Electric Mobility Pvt Ltd, has partnered with ZestMoney EMI financing platform

Finance plans are curated in such a way so that customers can buy BattRE Electric scooters with affordable and transparent credit. ZestMoney extends financing to even customers with no previous CIBIL score. This bit is important because in modern society, you are your credit store. A positive score is meant to be predictive of whether or not you are a good risk for financial institutions to extend a loan to.

Given the pattern of handing over wages in cash or simple people’s yearly earning being below the starting taxation limit, loads of people never end up with a CIBIL score. And that means, you can’t access financing. ZestMoney EMI financing appears to be addressing that gap by making the bike accessible to those who don’t pre-qualify for loans.

The finance plans curated are applicable for all BattRE electric scooters – BattRE IOT, BattRE One, BattRE Lo:EV and BattRE Gps:ie. While BattRE electric scooters are new-ish as a company, they are already available across 12 states. Potential customers can complete KYC formalities online, and depending on determine factors, may not have to visit a dealership.

Process

Requesting finance schemes can be completed remotely, and approval is usually concluded in a few hours. One can choose 0 percent EMI tenure of 3, 6 or 12 months for repayments. With lockdown looming overhead, there’s no definite way of knowing for how long we need to safely maintain physical distancing. This means overcrowding in public transport vehicles is halted at present, and may be a norm for an indefinite period.

This would mean, commuters would look for personal mobility options in order to ensure a safe and convenient commute. A Frost and Sullivan study points to e-rickshaws, e-autos, and e- two-wheelers as most promising segments for electrification in India. estimates point to over 4-million sales by 2025. The same study suggests 30-40 percent of scooters India will be electric vehicles in 7-8 years.

Pankaj Sharma, Co-Founder of BattRE Electric Mobility, said, “At BattRE, our belief is to focus on affordability, convenience & ease to our customers. Our partnership is a step towards making electric scooters affordable to everyone especially during Covid. This EMI facility provided in partnership with Zest Money will enable customers to book and enjoy riding BattRE electric scooter which is an aspiration for millennial’s and working professionals.”

With folks on the lookout for EMI financing options to make purchases, current situations dictates a need for contactless and digital means of credit. ZestMoney, the approach is fully automated for data driven loan disbursal model. Affordable financing options would help making purchases possible.

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