Maruti Suzuki Ties Up With IndusInd Bank To Offer Car Loan

India’s largest carmaker Maruti Suzuki India Limited has tied up with IndusInd Bank to arrange for financing options for its customers.

For addressing the personal mobility needs of the customers in the wake of the current COVID-19 pandemic scenario, IndusInd Bank has offered a variety of finance options, including a low EMI scheme, step-up, and balloon payment options and funding 100% on-road price for the vehicles. The bank has an extensive portfolio that can be customized for the needs of salaried, self-employed, agriculturists, and business people.

Under the tie-up, customers can avail offers such as a low EMI scheme (first three months) starting at Rs 899 per lakh, step-up schemes with EMI starting at Rs 1,800 per lakh, Balloon EMI scheme with final EMI standing at 25% of the loan amount. Also on offer is 100% on-road funding for customers with valid income proof and 100% ex-showroom funding for customers without any valid income proof.

On an event, Mr. Shashank Srivastava, Executive Director (Marketing and 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 a liquidity crunch in the current COVID-19 scenario. These special structured schemes like low EMI scheme, balloon, and step-up EMI schemes, will ease the pressure on the 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 inconvenience to both the rural and urban customers of MSIL.”