Home Four wheelers oi-Punith Bharadwaj By Punith Bharadwaj Published: Friday, July 17, 2020, 13:03 [IST] Ford India has announced new finance schemes to support its customers to make a purchase decision during the ongoing pandemic. The Covid-19 crisis has got manufacturers coming up with attractive finance options to offering ease of ownership. The new finance schemes introduced by Ford include various flexible repayment options such as a six-month EMI moratorium, lower monthly instalments and a step-up EMI format all of which reduces the initial cost of ownership. Only select models are covered under the new finance schemes and are valid till July 31, 2020. The EcoSport, the Freestyle, the Aspire and the Figo models are eligible for the finance schemes. Under the six-month EMI moratorium scheme, customers are being offered a maximum loan tenure of five years. Regular EMIs will start from the seventh month and If customers plan to do a pre-payment, there will be extra foreclosure charges. The scheme EMI amount varies depending on the model. The EcoSport customer will have to pay an EMI of Rs 2,362 per lakh of the loan amount borrowed with an interest rate of 8.99 per cent. While other models such as… Read full this story
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