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Loans will be easily available for Maruti vehicles, know how partnership with Indian Bank is beneficial for you

Now loans will be easily available for Maruti cars and accidental cover up to 30 lakhs can also be available for free.

Maruti Suzuki join hands with Indian Bank: The country’s largest car company Maruti Suzuki India (Maruti Suzuki India) will now easily get loans for the vehicles. For this, Maruti has joined hands with Indian Bank. Under this partnership, customers will get loans to easily buy Maruti vehicles at more than 5700 branches of Indian Bank across the country. Indian Bank said on this partnership that people will be provided car loan through an easy process.

Accidental insurance cover of 30 lakhs free

Under the Maruti and Indian Bank partnership, customers will get a loan of up to 90 percent of the on-road price of the car. Apart from this, processing fee will also not have to be paid, free FASTag will be available and free accidental insurance cover up to Rs 30 lakh will also be available. You will get 84 months to repay the loan. This scheme is available till 30 June 2022.

80 percent car purchase from loan – Maruti Suzuki

According to Shashank Srivastava, Executive Director (Marketing and Sales), Maruti Suzuki, about 80 percent of the retail sales of cars in the country are paid for through loans. In such a situation, the company has started partnering with both public and private sector banks and NBFCs to provide easy loan facilities to its customers. After the partnership with Indian Bank, the company has tie-ups with 12 Public Sector Banks, 11 Private Banks, 7 NBFCs and 7 Regional Rural Banks i.e. a total of 37 financial institutions for retail finance. Maruti has a network of 3357 new car retail outlets in 2156 cities and towns across the country. (Input: PTI)

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