GENERAL FAQs
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The XMI 2-Wheeler program is the next generation of 2-Wheeler financing being introduced in India for the first time by Hero MotoCorp (HMCL) and TranzLease*. This program reduces the 2-Wheeler EMI by over 30% by including a Guaranteed Resale Value adjustment [ = Assured Buyback reduced from loan amount]. It also includes other additional benefits.

* the HMCL-TranzLease 2-Wheeler program is supported by ICICI Bank.

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You should choose the XMI 2-Wheeler program because of the benefits it offers over a standard 2-Wheeler loan program. Please look at the comparative table below:

STANDARD LOAN FEATURES XMI 2-WHEELER PROGRAM
HIGHER EMI Amount LOWER
Guaranteed Resale Value
Full Tenor Insurance
Flexi Ownership
Tenor Extension
Bonuses
Referral Cash Backs
Resale Risk Protection
Get a new ride every 2/3 years with ease
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XMI is lower than the standard 2-Wheeler loan EMI because:

(a) The Guaranteed Resale Value or Assured Buyback Value is reduced upfront from the loan amount. So, your monthly instalment becomes lower.

(b) The Guaranteed Resale Value or Assured Buyback Value as reduced upfront is available for payment at the end of the tenure if you wish to retain the 2-Wheeler. However, if you wish to return the 2-Wheeler and get a new ride, you need not pay this amount at all i.e. this payment is waived off in exchange for you returning the 2-Wheeler.

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When you return your 2-Wheeler, all the surplus over the Guaranteed Resale Value or Assured Buyback Value generated by selling the 2-Wheeler in the open market goes back to you. Thus, the advantages are:

(a) You pay a lower EMI during the tenure.

(b) You have the flexibility to not pay the last instalment [ = Guaranteed Resale Value or Assured Buyback Value] and simply return your 2-Wheeler.

(c) You earn all the profits by returning your 2-Wheeler

(d) You get a resale value protection i.e. if the market value of your bike/scooter is less than the Guaranteed Resale Value or Assured Buyback Value, then the loss is borne by us.

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The 2-wheeler is registered in your name. Therefore, you need to provide all necessary documents required for registration of the 2-Wheeler.

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Yes, indeed. This program is available only for brand new 2-Wheelers.

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This program is currently available only for brand new 2-Wheelers.

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Currently, the program is available only for the models displayed on the website. Very soon, it will be available for other models as well.

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Currently, the program is available only for the cities displayed on the website. Very soon, it will be available for other cities as well.

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Currently, the program is available only for select dealerships. Very soon, it will be available for other dealerships as well.

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For the first time in India, XMI offers you the unique 2+1 program, which means:

(a) Your initial tenure is for 24 months. At the end of 24 months, you can either return, retain or extend.

(b) After the first 24 months, you get an extension option for another 12 months.

(c) For both, 24 months and the 12-month extension, you get Guaranteed Resale Value or Assured Buyback.

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In case of pre-closure, the following become applicable:

Option 1: Own the 2-Wheeler by payment of the outstanding loan amount, pre-closure charges, pre-paid insurance if any & arrear dues if any.

Option 2: Return the 2-Wheeler and pay the difference between the amount under Option 1 and the market value of the 2-Wheeler.

Please note that Guaranteed Bonus and Good Drive Bonus shall no longer be available in case of premature closure i.e. closure before end of the stipulated tenure.

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You need to approach TranzLease in case you want to pre-close the XMI 2-Wheeler Loan.

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You need to approach TranzLease in case you want to exercise any of the options available to you at end of tenure.

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This is completely as per policies of the dealership and TranzLease has no role to play here. If prices change, your down-payment amount and/or your EMI under the program may accordingly undergo a change.

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As such, there is no travel restriction i.e. you can travel more than stipulated KMs under the XMI 2-Wheeler program. However, this program has inbuilt bonus features like Guaranteed Bonus, Good Drive Bonus etc. and if travelling exceeds 15,000 KMs every year (on a cumulative basis) then all such bonuses may get affected. Also, please note that in case of travel beyond the above stipulations, the Guaranteed Bonus and the Good Drive Bonus under the XMI 2-Wheeler program shall no longer be available.

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Maintenance of the 2-Wheeler has not been factored into the XMI. Thus, you need to bear all expenses related to maintenance & upkeep of the 2-Wheeler.



BONUSES RELATED FAQs
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TranzLease is expecting a minimum resale price when you return the 2-Wheeler at end of the initial / extended tenure and accordingly guarantees this bonus amount. The BONUS amount is given by TranzLease and not by ICICI Bank / OEM. However, if the accident history during your 2-Wheeler usage is unsatisfactory or if the KM coverage is more than 10% of stipulated usage then bonus amount may reduce at the discretion of TranzLease. Also, please note that Guaranteed Bonus shall no longer be available in case of premature closure i.e. closure before end of the stipulated tenure.

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Good drive bonus is a special incentive given to you by TranzLease to reward you in case of good driving habits and or better than expected market conditions at the end of the specified tenure. Good drive bonus is available when you exercise the option to return the 2-Wheeler at the end of the 12-month extension period. At the end of the 12-month extension period, when you return the 2-Wheeler, any sale value over and above the amount stipulated under your chosen scheme will be given back to you as Good Drive Bonus. You can yourself introduce buyers to maximise your BONUS amount. Also, please note that Good Drive Bonus shall no longer be available in case of premature closure i.e. closure before end of the stipulated tenure.

The illustration below will clarify the Good Drive Bonus Amount:

Say, the Last Instalment to purchase the 2-Wheeler* (A) = Rs. 20,000
Say, the Guaranteed Bonus* (B) = Rs. 3,000
So, the Guaranteed Resale Value (GRV) from TZL (A + B) = Rs. 23,000

Case 1: If the market sale price is more than the GRV, then the Good Drive Bonus = (market sale price – GRV)
Case 2: If the market sale price is less than the GRV, then the Good Drive Bonus = nil

* Last Instalment to purchase & the Guaranteed Bonus amounts are known to you at inception itself.
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Yes, you can. The main objective of this program is aimed at benefiting you.

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Yes, you can. The main objective of this program is aimed at benefiting you.

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The bonus amounts will be directly paid into your designated bank account by TranzLease after applicable TDS.

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Referral cash Back under the XMI 2-Wheeler program is a reward you earn when the person you have referred to TranzLease opts for a 2-Wheeler under the XMI 2-Wheeler program. The referral cash back bonus amount per successful referral has been specified online as well as within the contract agreement. You need to follow the simple steps below to start earning referral cash backs:

Step 1 – Refer a friend online through your TranzLease online account

Step 2 – On successful referral i.e. delivery of 2-Wheeler made under XMI to the referred person, you are eligible for your referral cash back bonus

Step 3 – Amount paid directly do your designated bank account after applicable TDS

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Yes, there is. You are eligible for referral cash back bonus under the XMI 4-Wheeler INFLUENCER program. On date, this referral cash back bonus amount is Rs. 7,500/- per successful 4-Wheeler referral. You need to follow the simple steps below to start earning referral cash backs:

Step 1 – Refer a friend online through your TranzLease online account

Step 2 – On successful referral i.e. delivery of 4-Wheeler made under XMI to the referred person, you are eligible for your referral cash back bonus

Step 3 – Amount paid directly do your designated bank account after applicable TDS

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There is no limit to the number of referrals you can make, whether under the XMI 2-Wheeler or the SMART EMI 4-Wheeler programs.

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The referral cash back bonus amounts will be directly paid into your designated bank account by TranzLease after applicable TDS.



INSURANCE RELATED FAQs
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Under the XMI 2-Wheeler program, the insurance renewal amounts have been converted into an instalment and included within your EMI. This means that you don’t have to pay any amount other than the EMI for insurance renewals either in Year 2 or in Year 3 (in case you have chosen the extension option).

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You need to manage the insurance claims directly under the XMI 2-Wheeler program.

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Only the renewal premium amounts have been included in the EMI. Any other charges by the insurer like claim processing charges per instance, rejected claims etc. have to be paid by you directly to the insurer.

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Yes, the XMI has factored in GST and you need not pay it additionally over and above your EMI.

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You approach TranzLease in case of theft / total loss of the 2-Wheeler.