India's largest car company Maruti Suzuki India said on Thursday that it has partnered with HDFC Bank Ltd to provide convenient finance schemes for new car buyers. Maruti Suzuki India (MSI) said in a statement that the flexi in these plans Equal Monthly Installment (EMI) option is included, under which customers can avail lower EMI for three months every year, apart from on-road funding up to 100 per cent for one lakh and installments from Rs 899 per month for the first six months. Will begin
For your information, while commenting on this partnership, MSI Executive Director Shashank Srivastava said, 'This is an advantage for buyers who are facing a cash crisis amid the COVID-19 lockdown. He further said that new car buyers can host schemes that will offer lower payment options and lower EMI. This will help customers in entry level areas. Apart from this, Shrivastava said that digital payment will make it more convenient for customers in the present time.
In its statement, Arvind Kapil, HDFC Bank's Country Head for Retail Assets, said the partnership would give customers favorability especially during the ongoing COVID-19 pandemic. "It is a challenging time for the country and we believe It is the collective responsibility of all the stakeholders to provide convenient service to the customers. 'In addition, the statement said that in view of the need to reduce the existing social distancing norms and physical documentation, HDFC Bank Maruti Suzuki customers also Will give option of digital disbursement after approval.
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