Lectrix EV, a prominent electric vehicle brand, has introduced a new feature on their website that allows customers to instantly check their eligibility for a two-wheeler loan, completely free of charge. This tool is aimed at streamlining the purchasing process, saving time, and alleviating customer concerns.
Lectrix EV prioritizes the needs of its customers, understanding the complexities involved in decision-making for small retail buyers. The loan eligibility tool provides various services, including options for loan tenure, bank selection, and eligibility assessment based on income levels.
Powered by robust technology, this tool enables customers to explore financing options before committing to a purchase. Notably, the eligibility tool does not require customers to book the product beforehand and is provided as a value-added service without any paywall for financing.
With India’s vast potential for electric vehicle adoption, this tool, combined with strategic financing partnerships, will facilitate EV expansion in tier 2 and tier 3 cities.
Lectrix EV has collaborated with IDFC FirstBank, among other financing partners, to offer a free instant loan eligibility calculator widget on their website. This three-step process helps customers understand their CIBIL score without any obligation to make a purchase.
Recognizing the significance of EVs for micro-business owners and economically disadvantaged retailers, Lectrix EV acknowledges that financing plays a crucial role in the decision-making process for these individuals.
The company aims to enhance EV penetration in India by providing accessible, quick, and hassle-free financing options. The launch of Lectrix EV scooters and the loan eligibility calculator reflects their commitment to achieving this goal.
K Vijaya Kumar, MD & CEO of SAR Electric Mobility, emphasized the importance of increasing EV penetration to align with India’s emission reduction goals and stated that the initiative aims to empower customers with relevant information and a customer-oriented buying experience within the free enterprise system.