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In 2011, as Hero Honda Motors was restructured, the company was renamed Hero FinCorp and acquired its present form. By April 2013, the company began giving two-wheelers loans to customers. In 2014, it ventured into loans against property, loans for small and medium enterprises and commercial loans. [2]
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The borrower then pays off the financial institution the same as for a direct loan. [citation needed] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".
Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$42 billion), as of June 2024.
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The 4-Wheel & Off-Road "4x4 of the Year" award [4] is one of the most prestigious in the automotive industry, bestowed annually upon a new factory 4x4 pickup truck or SUV that excels in five categories: Ride and Drive, Mechanical, Interior, Exterior, Four-Wheeling Attributes, and Empirical Data. Winners of the 4x4 of the Year award:
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