Motorcycle finance company Bajaj Auto Finance has entered into an arrangement with post offices across India to enable buyers get information through brochures available at post offices, as well as apply for two-wheeler loans from the company.
Subsequently, customers can also make loan repayments by depositing money in post offices.
The project is being launched with Tamil Nadu as pilot/nodal office and the arrangement will initially be rolled out across 18 locations in the State, Bajaj Auto said in a statement.
Pradeep Srivastava, Executive Director, Bajaj Auto, said: “By joining up with India Post we intend to reach all our customers in the remotest corners of the country.”
Charles Lobo, Chief Postmaster General, TN Circle, India Post, said: “Bajaj has been one of the brands and names we have associated ourselves with for ages. We hope to take this initiative to great heights by delivering easy and convenient finance options to our customers through all our post offices.”
This arrangement shall initially be rolled out across the following 18 locations across Tamil Nadu
1 CHENNAI 2 COIMBATORE 3 CHENGALPATTU 4 DHARMAPURI 5 DINDIGUL 6 ERODE 7 KUMBHAKONAM 8 MADURAI 9 NAGARCOIL 10 SALEM 11 SIVAKASI 12 TENKASI 13 THANJAVUR 14 THIRUVARUR 15 TIRUCHIRAPALLI 16 TIRUNELVELI 17 TIRUVALLUR 18 VELLORE
Source : http://www.thehindubusinessline.com