TVS Credit anticipates growth in loan disbursals fuelled by the festive season demand

Publication: TVS Credit Date: 29 | September | 2022

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National, September 29, 2022: India’s leading and one of the fastest-growing financial services provider, TVS Credit, expects strong momentum heading into the festive season for its loan offerings – Two-Wheeler Loans, Consumer Durable Loans, Mobile Loans, Used Car Loans, Tractor Loans, Used Commercial Vehicle Loans, Business Loans, and Personal Loans. The company anticipates growth in loan disbursals in the ongoing festive season.

Over the last two years, there has been subdued consumer demand due to the pandemic. In such a scenario, the role of a retail financer is very important to help consumers realise their dreams. To cater to that, the company has rolled out lucrative offers, schemes, rewards, and exciting gifts to coincide with India’s biggest festivals like Dusshera, Dhanteras and Diwali. With these offers being available at over 30,000+ touch points, it expects a wider reach for its easy EMI financing options that help customers meet their aspirations.

This year, the company’s Diwali Offer for Two-Wheeler Loans promises instant approvals of up to 95% funding and up to 60 months of loan tenure with assured discount vouchers worth Rs.15,000 along with the eligibility for a Personal Loan.

The company is also offering a 10% cashback on the purchase of consumer durable products. An Aadhaar-based loan approval process, zero down payment and no-cost EMI make it an easy financing option for customers.

Additionally, our existing customers with InstaCard will get discount vouchers of up to Rs.10,000 for transactions made during this period.

The company will also launch the fifth season of its flagship consumer promotion, the “Magical Diwali” campaign. This integrated marketing campaign will engage customers through digital channels and points of sale by offering exciting rewards to them during the festive period.

Commenting on the forecast, Ashish Sapra, CEO of TVS Credit, said: “Our demand outlook is promising as we are looking at building on our channel partner relationships and giving customers a better value for money through our innovative loan offerings that address their needs and aspirations. Consumer sentiment is likely to be upbeat around this season, which will propel a spike in loan disbursement.”

TVS Credit is built on the promise of helping its customers aspire big by empowering them through its convenient financing options. Its festive offerings will bring much-needed financial inclusiveness, furthering its vision of Empowering India.

Annexures:
1. Link to TVS Credit’s Two-Wheeler Loan offer videos:
a. https://www.youtube.com/watch?v=Jvgs7I3Nv5o
b. https://www.youtube.com/watch?v=tThw-kRHA1g
c. https://www.youtube.com/watch?v=9ira_NvpdRI
2. TVS Credit Loan Offerings in a JPEG format

About TVS Credit Services Limited:
TVS Credit Services Limited is a leading Non-Banking Financial Company registered with the RBI. With over 31,000 touchpoints across India, the Company aims to empower Indians to dream bigger and fulfil their aspirations. Being the number one financier for TVS Motor Limited and one of the leading tractor financiers, TVS Credit has a fast-growing footprint in Used Car Loans, Consumer Durable Loans, Used Commercial Vehicle Loans, and Business Loans segment. Powered by robust new-age technologies and data analytics, the Company has served more than 8.4 million happy customers with the help of its 17,000+ employees.

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