Maruti Suzuki India Limited (MSIL) has collaborated with IndusInd Bank to arrange attractive finance schemes to help customers buy their favourite car. For addressing personal mobility needs of the customers in the wake of the current COVID-19 pandemic scenario . IndusInd Bank has a wide portfolio that can be customised for needs of salaried, self-employed, agriculturists and businessmen.
IndusInd Bank has offered a variety of finance options like –
- Low EMI scheme (1st three months) starting at ₹899 per Lakh
- Step-up scheme, EMI starting with ₹1,800 per Lakh
- Balloon EMI scheme, final EMI 25% of loan amount
- Upto 100% on-road funding for customers with valid income proof
- Upto 100% ex-showroom funding for customers who does not have valid income proof
Speaking about the customer-centric initiative Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India said, “IndusInd Bank is one of our leading finance partners. This collaboration is aimed at providing support to our customers who might be facing liquidity crunch in the prevalent COVID-19 scenario. These special structured schemes like low EMI scheme, balloon and step-up EMI schemes, will ease the pressure on immediate cash-flow of consumers. Also with the bank’s expertise in lending to a variety of customers especially with no income proof, we are extremely confident of the collaboration bringing in convenience to both the rural and urban customers of MSIL.”
Elaborating on the partnership, Mr. SV Parthasarathy, Head (Consumer Finance Division), IndusInd Bank, said, “At IndusInd Bank, we are delighted to team up with MSIL to roll out these curated offerings for customers who are keen on buying a car. With this partnership, we aim to fulfil the desires of customers of owing a car of their choice in the most seamless manner. This initiative is a testament to our unflinching commitment towards building flexibility in customizing solutions for our valued customers.”
MSIL has wide range of cars and far-reaching dealer network of 3,086 showrooms across the country. IndusInd Bank has a network of more than 1,900 branches. This association would help facilitate the car buyers to avail easy and attractive finance schemes.