Wow… take home a Scooty or a bike by paying only 1 rupee, this bank is providing facility
There is good news for you if you are thinking of buying a bike or scooter during the festive season. In fact, the Federal Bank has introduced a facility where the underlying customer can buy a two-wheeler with a payment of just Rs. Let us tell you in detail about this scheme.
In fact, the Federal Bank has allowed customers to purchase bikes or scooters on a debit card EMI. This means that only customers with a Federal Bank card will be eligible.
Customers can buy a two-wheeler from anywhere at Hero MotoCorp, Hond Motorcycle and TVS Motor's 947 showrooms across the country by paying Rs 1.
According to the bank, there is no need to do paper work and there is no need to go to the bank. This is a completely online process. When processing fees are not even payable. For payment of Debit Card EMI, the bank customer can select the option of a period of 3/6/9/12 months.
Federal Bank customers are required to send an SMS to '5676762' by typing 'DC-Space-EMI' to know whether they are eligible for this facility. The customer can also make a missed call on 7812900900 if he wants.
Customer Honda is also offering a 5 per cent cashback on festive offers on the purchase of a motorcycle or scooter or bike. The minimum purchase amount should be Rs. 30000. The maximum cashback amount on one card will be Rs.5000.
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