• The 'Buy now pay after six months' offer is valid until July, 31

• Loan to Value ratio is 75 percent

• Prices of the XL100 begin from Rs 43889, ex-showroom

The TVS Motor Company has announced a new EMI scheme for those looking to purchase the BS6 XL100. Under the new EMI plan, customers can purchase an XL100 and begin paying the EMI after six months. This special scheme is valid on all purchases before July 31, 2020.

TVS says that this 'EMI holiday' will help customers who wish to purchase the XL100 immediately, but find it difficult to pay EMIs due to the financial strain caused by the Covid-19 pandemic. The TVS XL100 is a proper workhorse and it isn't uncommon to see small businesses employ the humble moped to ferry goods. As most of these businesses struggle to get back on their feet in the post lockdown world, such EMI moratoriums are of crucial help.

However, one will have to bear in mind that the Loan to Value ratio (LTV) for this scheme is fixed at 75 per cent. That means a customer can only avail a maximum loan amount that is 75 percent of the vehicle's on-road cost. In case a customer opts for the usual EMI schemes offered by TVS, the LTV is 90 percent. In that case, the EMIs will begin immediately.

Prices of the BS6 TVS XL100 begin from Rs 43,889 for the Heavy Duty variant, while the top-spec Comfort variant will set you back by Rs 45,459. The moped is powered by a 99.7cc, fuel-injected engine that produces 4.4hp at 6,000 rpm and 6.5Nm at 3,500rpm.

All prices, ex-showroom, Tamil Nadu