Bajaj Finance Limited (Auto Finance), India’s No 1 Motorcycle Finance Company continues to bring unparalleled ease in Financing Options to Vehicle Buyers across the Nation starting with Tamil Nadu as pilot/Nodal Office by means of a unique arrangement with India Post through a Joint MoU. Formally announced right at the beginning of the Financial Year 2016-17, this special arrangement shall enable prospective Buyers to get information through brochures available at the Post Offices, as well as apply for a Two-wheeler loan of Bajaj Auto Finance, through any of the Post Offices across the Country. Subsequently, the customers can also make repayments of their Loans through the Post Offices by making the deposits there.
This partnership has expanded the reach of Bajaj Auto Finance along with enabling the Post Offices to offer Value Added Services to its customers. The marquee highlights of this partnership include availability of information on various 2-wheeler loan schemes as well as special loan offers to the people including the installment collection set-up at the Post Office itself, on behalf of Bajaj Auto Finance. This arrangement shall initially be rolled out across 18 locations across Tamil Nadu details of the same are given as in the annexure.
Talking on the partnership, Mr. Pradeep Srivastava, Executive Director – Bajaj Auto Limited said, “Bajaj as a brand is known to stand for being Distinctly Ahead, and by this initiative we have proved ourselves to be true to this spirit. By joining up with India Post we intend to reach all our customers in the remotest corners of the country to help them get access to their favorite Bajaj Vehicle”. Mr. Raunaq Singh, SVP Bajaj Auto, who heads Bajaj Auto Finance, further added, “This humble start will cover 18 locations in Tamil Nadu in the beginning and steadily we shall expand to cover the entire nation to bring closer the financing options for the 2-wheeeler requirements of the people. This will help us reach remote corners of the country to serve our customers who might find it difficult to travel long distances sometimes close to 50 – 60 Km to get to the closest dealership just to get information on how to avail finance options for their Bajaj 2 Wheelers. This is a good Start and we hope to grow this opportunity and reach out to maximum people in remote areas with our services and are happy to partner with India Post and benefit from their wide reach”.
This partnership was formally announced on the 12th of May 2016, at the CPMG Office TN Circle India Post, Anna Salai, Chennai under the Auspicious aegis of Dr Charles Lobo, Chief Post Master General, TN Circle, Mr Mervin Alexander, Post Master general, Chennai City Region, Mr, J.T. Venkateswarlu, Post Master General, BD Cell, TN Circle, Mr Pradeep Shrivastava, Executive Director, Bajaj Auto Limited, Mr Raunaq Singh, SVP Bajaj Auto Limited, Head of Auto Finance, and other distinguished officials from Bajaj Auto, Bajaj Finance Limited and India Post.
Speaking On the occasion, Dr Charles Lobo, CPMG TN Circle, India Post added – “Bajaj has been one of the brands and names we have associated ourselves with for ages and stands for its commitment to excellence in terms of product and service quality. We hope to take this initiative to great heights by delivering easy and convenient finance options to our customers through all our Post Offices”.
Customers can avail the various Bajaj Vehicle finance options from Bajaj Auto Finance through these Post Offices, seamlessly from the month of May 2016. This tie-up is part of a larger strategic expansion of Bajaj Finance’s customer outreach initiatives being rolled out at pan-India level through such joint initiatives.
Annexure: List of Post Offices where this facility shall be offered in the beginning.