FAQ Category: Understanding Financing

You can check them out right here.

HFCL, IDFC and HDFC are our loan partners. Depending on the customer profile, the loan processing takes around 2-4 days.

The loan is applicable for ex-showroom price for HFCL and on-road price exclusive of insurance for IDFC.

The minimum down payment with HFCL is ₹24000 and with IDFC, it is ₹25000.

Absolutely not, you can opt for a loan with the bank of your choice. We will just need a few details of the financier and standard loan documents like a hypothecation letter from the bank for the RTO registration.

Yes, a processing charge of 2% for IDFC & HFCL. For HDFC – 1% of the loan amount taken + documentation charges + RTO hypothecation fee.

A deduction for interest payments up to ₹1,50,000 is available under Section 80EEB only for personal use.

The pre-closure is available with IDFC and HDFC. With HFCL it’s possible only after 1 year of the loan.

If you are: Salaried employee : 3-month salary slips. Self-employed : IT returns for 2 years and bank statement (last 6 months). KYC documents : Aadhaar card, PAN card, address proof, and a passport-size photo.

Bengaluru, Chennai & Delhi You can apply for a loan online through your Ather account (created automatically on booking) or visit the Ather experience center for assistance. Other cities You can apply for a loan through the nearest Ather experience center.