Maruti Suzuki joins hands with Indian Bank for car loans
Maruti Suzuki India
(MSI) on Wednesday said it has joined hands with Indian Bank to
facilitate easy finance for customers.
As part of the partnership, the company's customers can avail the
loan benefits in over 5,700 plus branches of Indian Bank at metro,
urban, semi-urban and rural locations.
Maruti Suzuki customers,
under this exclusive scheme, can avail loans up to 90 per cent of the on-road
price of the car besides getting benefits of zero processing charges, free
accidental insurance cover up to Rs 30 lakh, free fastag and repayment tenure
up to 84 months on their loans. The scheme is open till June 30 2022.
"About 80 per cent of retail sales in the automobile industry
happen through financing and to enable our customer's car-buying decisions, Maruti Suzuki has
initiated several partnerships with banks & NBFCs across the public and
private sectors. It is our firm belief that this partnership with Indian Bank will go a
long way to cater to the diverse finance requirements of our customers,"
MSI Senior Executive Director (Marketing and Sales) Shashank Srivastva said in
a statement.
The country's largest carmaker has a vast network of 3,357 new car
retail outlets across 2,156 cities and towns.
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