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Okaya EV Joins Hands with Twelve Companies for Low-interest Financing

The partnership aims to provide convenient and hassle-free financing solutions, making electric mobility more accessible to a wider audience.

July 11, 2023. By Anurima Mondal

Electric vehicle manufacturer Okaya EV has tied up with 12 renowned financial solution providers such as HDFC, Axis, IDFC, Loan Tap and Bike Bazzar among others to provide attractive financing alternatives for its electric vehicles to its customers. The partnership aims to provide convenient and hassle-free financing solutions, making electric mobility more accessible to a wider audience.

With this collaboration, Okaya will provide the lowest interest rates, starting at 5.99 percent. Customers can enjoy the benefits of zero down payment, zero processing fees, and a flexible term of up to 48 months for both their low & high-speed product segments, allowing them to select repayment schedules that fit their financial situation and preferences.

A quick loan approval process would be possible with multiple financing partners joining forces with Okaya. With loan approvals in 30 minutes, customers would be able to enjoy a more simplified financing procedure that does away with the needless waiting and delays usually connected with loan processing. Moreover, Okaya EV offers on-road financing, allowing customers to drive their dream electric vehicle home without hassle of separately arranging for financing.

Expressing excitement about the collaboration, Dr. Anshul Gupta, Managing Director of Okaya EV said, “We are delighted to partner with 12 esteemed finance companies to offer our customers the best financing options available in the market. This collaboration is a significant step towards our vision of promoting electric mobility and making it accessible to a larger audience. By providing low-interest rates, convenient loan approvals, and on-road financing, we aim to facilitate a seamless transition to electric vehicles, contributing to a greener and cleaner future.”
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