Maruti Suzuki Tie Up With Indian Bank: To simplify car loan financing, the country’s largest automobile company Maruti Suzuki India has tied up with state-owned Indian Bank. Under this partnership, many types of facilities will be given to the customers of Maruti.
90 percent of the on-road price will get loan
Under this partnership, customers buying a Maruti Suzuki car can buy a car of their choice by taking a car loan from Indian Bank branches. Under this scheme, Maruti Suzuki customers get a car loan equal to 90 percent of the on-road price of the car. No processing fee will be required for this. Apart from this, accidental insurance up to Rs 30 lakh, free FASTag will also be available. Customers can repay the car loan in 84 months. Maruti Suzuki customers can take advantage of this scheme till 30 June 2022.
80 percent of the vehicles are sold through loans
Regarding this partnership, Shashank Srivastava, Senior Executive Director, Maruti Suzuki said that 80 percent of the vehicles in the automobile industry are sold through financing, which will make the decision of buying a car easier for the customers. Maruti has tied up with many NBFCs and banks. We believe that this partnership with Indian Bank will make it easier to fulfill the aspirations of the customers. With this partnership, Maruti Suzuki has now signed agreements for car loans with 37 financial institutions, including 12 public sector banks and 11 private banks.
Get car loan easily
MD Shanti Lal Jain, CEO, Indian Bank said that Indian Bank is present all over the country and we assure that we will provide the best service to the people looking to buy Maruti cars. He said that we will provide many options of interest rates on car loans.