New Delhi: Leading car manufacturer Maruti Suzuki India (MSI) on Wednesday said it has partnered with Karur Vysya Bank to provide easy and flexible financing facility for new customers to purchase cars.
Maruti Suzuki India has said in a statement issued here that through this partnership with the bank, it will provide full financing facility to the potential buyers of the company to buy the car with a six-month holiday. This feature will be available on all other models of the company except Van Eeco. This facility will be available to salaried class and all customers doing their own business.
The customer will have to repay this loan in 84 months. The statement states that in this financing facility, along with the “attractive interest rate”, loans will be available to those customers who will have no proof of income. Shashank Srivastava, executive director (marketing and sales), Maruti Suzuki, said the company would have to take further steps in the current changing environment. In this, along with providing many options to customers, customer-centric financial products are also being included.
He said, “Our alliance with Karur Vysya Bank is another effort to create ease and provide financial flexibility in terms of purchasing new cars to customers.” President and Chief Operating Officer of Karur Vysya Bank J Natarajan said that in the present circumstances, easy availability of finance is very important.
