Categories: Business

Maruti offers easy financing options ties up with cholamandalam

Photo: FILE

Maruti Suzuki

new Delhi. In the midst of the Corona crisis, Maruti has brought a variety of attractive finance schemes for customers struggling with cash shortages. For this, the country's largest carmaker has tied up with Cholamandalam. According to the company, these finance schemes have been announced to promote personal mobility amid Corona infection.

One of the schemes is Buy now Pay Latter scheme, according to which customers can buy cars today. At the same time, its EMI will start after two months. According to the company, this scheme will be applicable only on certain models and only loans issued till June 30, 2020 will be able to take advantage of this scheme. According to the company, it is expected that this scheme will allow customers to buy cars immediately without putting any burden on their pockets. Along with postponing the installment for two months, several other schemes like long-term loans, loans up to 90% of the on-road price have also been launched.

According to Cholamandalam Investment, this partnership will help them a lot in strengthening car financing. With the help of about 1100 branches located in cities and villages, more customers can be served.

Considering the cash situation of the auto sector, people are constantly coming up with new schemes. Tata Motors and Mahindra announced similar attractive finance schemes this week. Which includes installment waiver and long-term debt.

This post was published on May 22, 2020 1:37 pm

Content Team

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