Maruti Suzuki Partners with Indian Bank to Offer Attractive Car Loans

by IndianAuto Team | 27/04/2022
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Maruti Suzuki customers, under this exclusive scheme, can avail loans upto 90% of the on-road price of the car.

To facilitate easy financing for customers, Maruti Suzuki India Limited (MSIL) has partnered with Indian Bank, a leading Public Sector Bank, to provide customized and attractive car loans for customers. Maruti Suzuki customers can avail of the loan benefits across 5700+ branches of Indian Bank at metro, urban, semi-urban and rural locations. 

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Maruti Suzuki has a vast network of 3,357 new car retail outlets across 2,156 cities and towns. With this partnership, Maruti Suzuki now has retail finance tie-ups with 37 financial institutions including all 12 Public Sector Banks, 11 Private Banks, 7 NBFCs and 7 Regional Rural Banks.

Maruti Suzuki customers, under this exclusive scheme, can avail loans upto 90% of the on-road price of the car besides getting benefits of zero processing charges, free accidental insurance cover upto Rs. 30 lakhs, free fastag and repayment tenure upto 84 months on their loans. This scheme is open till 30th June 2022.

Rolling out the customer-friendly initiative, Mr. Shashank Srivastava, Senior Executive Director (Marketing & Sales), Maruti Suzuki India Limited, said, “Customer centricity and convenience are at the core of all our operations. With this partnership with Indian Bank, our valuable customers will be able to finance 90% of the on-road price of the car from over 5700+ branches across the Indian Bank network. This will help our customers get an attractive rate of interest and customized EMI options as per their requirements. About 80% 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.”

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