Maruti Suzuki has launched three new schemes of cheap loans with private sector ICICI Bank to increase sales of its cars. There is a scheme in this, in which the customers will have to pay the first three installments on the basis of just Rs 899 per lakh. After this, its monthly installment will increase. This will help those customers whose income has been affected due to Covid-19 currently.

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The customer will have to pay a monthly installment of Rs 1797 per lakh for the entire duration of the loan under the second scheme. The specialty of this loan scheme is that the customer will have to pay a quarter of the entire loan amount together as the last installment. The third scheme has been designed in such a way that the monthly installment amount of the customer will be increased by 10% every year so that the lump sum is not imposed on him and the installment increases as the income increases. First year customers can start with monthly installment of Rs 1752 per lakh.

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ICICI Bank has also announced a loan of 100% on-road price of Maruti Suzuki cars. Shashank Srivastava, executive director (sales and marketing), Maruti Suzuki, says that the atmosphere created due to Covid-19 will also have to take care of the interests of customers to increase sales. Our sales are likely to increase by giving customers different options.

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