Maruti Suzuki joins hands with Axis Bank, now buy cars at an EMI of Rs 899
New Delhi. Maruti Suzuki , the country's largest carmakerIndia Limited (MSIL) said on Tuesday that it has tied up with private sector Axis Bank to provide loans to prospective car buyers on easy terms. The company said in a statement issued here that under this partnership, Axis Bank will provide a variety of options to customers for loans. There is also a system to provide 100 percent financing of the car to the salaried customers for a period of eight years. There are also different schemes in the case of Equated Monthly Installments (EMIs), with installments starting at Rs 1,250 per lakh. Increasing EMI wherein the final EMI can be up to 25 percent of the loan amount. Apart from this, the company has said that as a partnership, customers can also avail EMI with a lower installment of Rs 899 monthly for the first three months. All these offerings are valid till 31 July.
Flexible EMI options are the option to reduce the installment pressure on customers in these difficult days. The company has said that Axis Bank salaried customers as well as self-employed people with income proof and without proof Offers to give. MSIL Executive Director (Marketing and Sales) Shashank Srivasatava said, " One of the implications of Kovid-19 is that there is a change in people's behavior when it comes to getting somewhere. In terms of maintaining safety and physical distance. Awareness has increased and preference is being given to its own vehicle. 'Axis Bank Executive Director (Retail Banking) Pralaya Mandal said that Koviu-19 has felt the need for more creative and flexible financial options. The bank's financial fixes will provide a better experience for car buyers.