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Bajaj Finance Limited, a motorcycle finance company, has partnered with India Post to facilitate purchase of vehicles in Karnataka.
The company signed a joint MoU with India Post and formally announced special arrangement which enables prospective buyers
to get information on various 2-wheeler loan schemes as well as special loan offers to the people including the instalment collection set-up at the Post Office itself, on behalf of Bajaj Auto Finance. This arrangement shall initially be rolled out across 208 E-Payment Post Offices across Karnataka.
Subsequently, the customers can also make repayments of their loans through the Post Offices by making the deposits. This partnership has expanded the reach of Bajaj Auto Finance along with enabling the Post Offices to offer value added services to its customers.
Talking on the partnership, Raunaq Singh, Senior VP Bajaj Auto, who heads Bajaj Auto Finance, said “This is the second state in India where we have launched this facility and with each such initiative we shall be extending our reach as well as bringing our services closer to our customers for their convenience and ease.”
“Today we confidently can say that across Tamil Nadu and Karnataka we cover almost 700 Post Offices from where our customers can avail finance facility for getting their favourite Bajaj Vehicle. We have had a good start with Tamil Nadu where we have successfully delivered 100+ Vehicles through this unique initiative and we look forward to more and more states getting added in the near future. We are very happy to continue strengthening our partnership with India Post and benefit from their widespread reach,” he added.
Veena Srinivas – Post Master General (Business Development & Mails), Karnataka Circle, Bangalore, India Post said “This tie-up will help the customers in availing loans easily for their Bajaj 2 Wheelers by contacting nearest Post-Office. I wish for a long and fruitful tie-up in the interest of both the organizations’ as well as members of the general public”.
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