Hero Electric partners with IDFC FIRST Bank for vehicle finance

New Delhi: Hero Electric on Thursday said it has joined hands with IDFC FIRST Bank for vehicle finance. The collaboration allows Hero Electric customers to avail of an instant loan on KYC with low processing fees and down payment.

“This partnership with IDFC FIRST Bank will further our penetration to newer markets to promote green commuting via seamless financing options. It will benefit our customers significantly in aiding commute savings,” Hero Electric CEO Sohinder Gill said in a statement.

Committed to creating an ecosystem for propelling forward electric vehicle transition in the country, Hero Electric continues to partner with various banks, NBFCs, and financial institutions to broaden access and ease of affordability for its customers, the electric two-wheeler maker said.

IDFC FIRST Bank Business Head-Vehicle Loans Rishi Mishra said the bank’s customer-friendly lending solutions, paperless journeys, and superior experience will enable Hero Electric to meet its customers’ financing needs.