GT Force has announced a strategic partnership with I-Loan, a premier online electric two-wheeler loan platform, part of the LoanTap Group, to enhance accessibility and affordability for customers across India. The partnership aims to simplify the purchasing process for individuals looking to own GT Force’s diverse lineup of high and low-speed models, including the GT Vegas, GT Ryd Plus, GT One Plus Pro, and GT Drive Pro, as well as the flagship GT Texa, a premium electric motorcycle. This follows GT Force’s recent partnership with ESAF Small Finance Bank, headquartered in Thrissur, Kerala, known for its dedication to providing banking services and small loans to the underbanked.
With I-Loan’s financing options, customers can now enjoy flexible repayment plans such as low-cost EMIs, and tailored loan tenures. These solutions reduce the burden of upfront payments, enabling a broader range of buyers to opt for sustainable transportation solutions without compromising financial stability. This initiative aligns with GT Force’s vision of promoting the adoption of eco-friendly electric vehicles (EVs) while ensuring customer convenience.
Commenting on the partnership, Mr. Mukesh Taneja, Co-Founder and Managing Director of GT Force, said, “At GT Force, we are committed to driving the adoption of electric vehicles across India. Partnering with I-Loan is a significant step toward making our electric two-wheelers more accessible to customers. This collaboration will not only boost sales but also enhance customer satisfaction, strengthening our position in the electric two-wheeler market.”
Through this partnership, I-Loan will provide unique loan products that differentiate from other financing options in the market, including a fully digital customer journey, strong field support for dealerships, and multiple repayment tenure options. Loan approvals will be fast-tracked with minimal paperwork, ensuring customers have a seamless buying experience. Additionally, dealers will be equipped with training and resources to effectively promote these financing solutions, including QR codes for streamlined access and assistance from I-Loan’s field team.
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