Categories: Business

Maruti Suzuki partners with HDFC bank to offer car finance

Photo: GOOGLE

Maruti Suzuki

new Delhi. The country's largest carmaker Maruti Suzuki India on Thursday said it has entered into an agreement with HDFC Bank for loan schemes on easy terms for new car buyers. Maruti Suzuki India said in a statement that the plans include an attractive monthly installment (EMI) option, under which customers can avail three months of reduced EMI every year and 100 percent of the total cost of the car till the customer gets it Can take loan up to Rs. First six months loan installment is starting from Rs 899 per lakh. Speaking on the partnership, MSI Executive Director (Marketing and Sales) Shashank Srivastava said the scheme is beneficial for buyers who are facing cash crunch due to the Kovid-19 epidemic. He said that new car buyers can choose from low downpayment to low EMI.

Maruti had earlier tied up with Cholamandalam for easy loan schemes. Along with Cholamandalam, the company has also launched several schemes such as Buy now Pay Latter long-term loans, loans up to 90% of the on-road price for certain model cars. Prior to Maruti, Tata Motors and Mahindra had announced similar attractive finance schemes this month. Which includes installment waiver and long-term debt.

This post was published on May 28, 2020 2:24 pm

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