Maruti Suzuki India Limited (MSIL) today partnered with HDB Financial Services Limited (HDBFS), a leading Non-Banking Financial Company (NBFC), to provide customized and attractive car loans for customers.
The MoU was signed in the presence of Mr. Shashank Srivastava, Executive Director (Marketing & Sales), MSIL, Mr. G Ramesh, MD & CEO, HDBFS and other senior officials from both the organizations.
Speaking about the customer-centric initiative Mr. Shashank Srivastava, Executive Director (Marketing & Sales), MSIL said, “Maruti Suzuki offers the convenience of buying a car along with other services such as finance, insurance and accessories under one umbrella. The partnership with HDB Financial Services Limited, will boost the convenience by offering attractive loan schemes to customers. There is a huge potential in the Indian automobile industry and attractive retail financial solutions will help us put the market on a growth trajectory. HDBFS has a strong network and being an NBFC it overcomes challenges being faced in conventional lending, thus giving semi-rural and rural India the access towards credit. This also helps in increasing penetration of financial inclusion for potential customers.”
Key customer benefits –
- Competitive interest rates
- Upto 90% LTV* (ex-showroom + insurance)
- Wide range of auto loan products for all customer segments
With this MoU in place, Maruti Suzuki now has a retail finance tie-up with 26 banks, 7 NBFCs and 8 Regional rural banks.