Ather Energy has partnered with HDFC Bank and IDFC First Bank to offer retail finance for its e-scooters. The collaboration will allow Ather Energy customers to avail instant loans from these two banks at low-interest rates and with a maximum LTV (Loan-to-value). HDFC Bank and IDFC First Bank offer loans to new-to-credit customers (those with no credit history), which account for roughly 20-25 per cent of the overall Ather customer base.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
