Electric two-wheeler maker Ather Energy partners with SBI for vehicle financing
Electric two-wheeler maker Ather Energy on Wednesday said it has partnered with the State Bank of India NSE -0.87 % (SBI) for vehicle financing for its customers. The collaboration will enable Ather Energy’s customers, having pre-approved loan offers from SBI, to avail instant loans at low interest rates starting from 9.55 per cent per annum, depending on customer credit profile, the company said in a statement.
The vehicle loans can be availed through SBI’s mobile app YONO as well as offline, it added.
The partnership with the country’s largest public sector lender is aimed at leveraging its reach and penetration in accelerating the adoption of electric vehicles (EVs) in the domestic market, Ather Energy said.
