Kathmandu. HH Bajaj, the sole authorized distributor of Bajaj motorcycles in Nepal, has introduced new financing facility in collaboration with Hulas Finserv Hire Purchase Limited (HFL) to make the purchase of Bajaj motorcycles more convenient and affordable for its customers.
Under this scheme, customers of Bajaj motorcycles will now get a loan of up to 5 years (60 months) instead of 3 years. With this system, Bajaj will make ownership of Bajaj more convenient for first-time customers, youths buying motorcycles, jobs, families and those who prioritize their monthly budget for Bajaj motorcycles.
The loan tenure has not only been extended but the interest rate has also been reduced from 9.99 percent to 8.99 percent. The company believes that this will help reduce the monthly financial burden of the customers further.
This facility is applicable on all Bajaj motorcycles ranging from Platina 100ES to Dominar 400. According to the new financing arrangement, the monthly installments of Platina 100 ES will be around Rs. From Rs. 3,255 to Rs. It has reached Rs. 2,124 and the customer is getting about Rs. 1,131 will be saved. Similarly, in Dominar 400, the monthly installment is about Rs. From Rs. 8,227 to Rs. It has come down to Rs 5,370, which is about Rs 5,370 per month. According to the company, it will save up to Rs 2,857.
Similarly, the monthly installments have been reduced on all the models including Pulsar 125, Pulsar N125, Pulsar 150, Pulsar N150, Pulsar N160, Pulsar 220F, Pulsar 200NS, Pulsar N250 and NS400Z, which is expected to make it easier for customers to choose motorcycles as per their needs and budget.
According to the company, this is not a limited period discount scheme, but a scheme that aims to make ownership more accessible by understanding the real needs of the customers. Considering that the monthly installments will be more challenging than the price of motorcycles, Bajaj has decided to extend the loan period and reduce the interest rate.
HH Bajaj said in a statement that this decision keeping in mind the customer’s convenience has helped more Nepalis to own the Bajaj motorcycles they desire through easy monthly installments. The company has pledged to bring such customer-friendly plans in the coming days as per the needs of the customers and the demand of the market.
This service is available from HH Bajaj showrooms across the country through Hulas Finserv Hire Purchase Limited (HFL), a regulated subsidiary of Nepal Rastra Bank.
