ICICI offers zero downpayment 7-year loan on Hyundai Kona

Thanks to BHPian SmartCat for sharing this information with other enthusiasts.

ICICI Bank is offering a zero downpayment loan on the Kona Electric for a tenure of up to 7 years. According to the bank, funding is possible on up to 100% of the on-road price of the vehicle. The rate of interest is 9.25%. The bank is also offering a 50% discount on the processing fee. The offer is valid for disbursements till August 31, 2019.

The Kona Electric is Hyundai’s first all-electric model in India. It is priced at Rs. 25.30 lakh (ex-showroom, Delhi).

The Kona Electric uses a 39.2 kWh battery that powers an electric motor that has an output of 134 BHP and 395 Nm. The car comes with four driving modes – Eco, Eco+, Comfort and Sport.

The Kona Electric is claimed to accelerate from 0-100 km/h in 9.7 seconds. The battery pack is said to offer an ARAI certified range of 452 km on a single charge. It can be recharged to 100% in 6 hours and 10 minutes using an AC charger. It takes 57 minutes to recharge the battery to 80% of its capacity using a DC fast charger.

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