New Delhi: Maruti Suzuki India Limited (MSI), the country's largest carmaker, has tied up with private sector Axis Bank to provide loans to car buyers on easy terms. The company has said in its statement that under this partnership, Axis Bank will provide a variety of options for loans to customers. There is also a provision to provide 100 percent funding of the car on-road to salaried customers for a period of 8 years.

There are also various schemes in the case of Equated Monthly Installments (EMIs), with installment starting at Rs 1,250 per lakh, incremental installment, with the final installment being up to 25 per cent of the loan amount. Apart from this, the company has said that as a partnership, customers can also avail EMI for the first three months with a lower installment of Rs 899 monthly. All these offers are applicable till 31 July.

Flexible EMI options have been introduced to reduce installment pressure on customers in these difficult times. The company has said that AXIS Bank offers loan to salaried customers as well as self-employed people with income proof and without proof also.

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