India’s largest car manufacturer Maruti Suzuki India (MSI) has partnered with IndusInd Bank and Karur Vyasa Bank in separate deals and gears up to push auto sales that have been severely hit due to COVID 19 and subsequent lockdowns in the country.
The tie up will bring easy and attractive Car Loan offers online for customers. Let’s take a ride over these customised loan offers below-
Maruti and IndusInd Bank have collaborated to offer customised auto loan offers for all buyers. The partnership aims at offering repayment relief to customers by offering a host of benefits along the Car Loan. Customers can choose from benefits such as low EMIs, step-up EMI structure and balloon payments and 100% financing on-road price. The scheme is valid for all Maruti models and is available for a range of customers, right from salaried, to self-employed, to agriculturists and businessmen.
Karur Vysya Bank and Maruti Suzuki have tied up to offer easy financing on 100% on-road price with six-month holiday period. The offer is available for all models , except of Omni & EECO, to salaried as well as self-employed customers for a duration of up to 84 months. The Auto Loans are available to non-income proof customers as well.
The partnership aims to offer convenience and cost-effectiveness to the borrowers. The KVB promises to extend in-principle loan sanction in 15 minutes. The existing customers could be assured of loan disbursal on the same day. Furthermore, customers will be able to complete the whole process digitally.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.
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