TVS Credit Sees Growth in Loan Disbursements During Holiday Season, Rolls Out Offers and Rewards

Chennai-based non-bank financial firm TVS Credit, part of the TVS Group, expects growth in loan disbursements during the current festive season, reversing the trend of the past two years of demand from moderate consumers due to the pandemic. To cash in on the festive demand, the company has rolled out lucrative offers, programs, rewards and giveaways for loan seekers.

TVS Credit is seeing strong momentum for its loan offerings as the country heads into the festive season. It offers loan offers for a two-wheeler, a consumer good, a mobile, a used car and a utility vehicle, a tractor, a company and an individual.

Ashish Sapra, CEO of TVS Credit, said, “Our demand outlook is bright as we seek to strengthen our relationships with our distribution partners and provide customers with better value for money through our innovative loan offerings that respond to their needs and aspirations. Consumer sentiment is expected to be bullish this season, which will propel a surge in loan disbursements. »

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TVS Credit believes that over the past two years consumer demand has been subdued due to the pandemic and that the role of a retail financier is important in helping consumers when they are ready to buy. Accordingly, the company has rolled out exciting lucrative offers, programs, rewards and giveaways to coincide with major Indian festivals like Dusshera, Dhanteras and Diwali. With these offerings available at more than 30,000 touchpoints, it expects wider reach for its simple EMI financing options that help customers meet their aspirations.

This year, the company’s Diwali offer for two-wheeled loans promises instant approvals of up to 95% financing and up to 60 months loan tenure with assured vouchers worth Rs 15 000 as well as eligibility for a personal loan.

The company also offers 10% cash back on the purchase of durable consumer products. An Aadhaar-based loan approval process, zero down payment and no-fee EMI make it an easy financing option for customers. Moreover, its existing customers with InstaCard will receive coupons 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 and point-of-sale channels by offering attractive rewards during the holiday season.