New Delhi: India's largest car manufafturer Maruti Suzuki India (MSI) has tied up with IndusInd Bank to arrange finance schemes for customers.


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“For addressing personal mobility needs of the customers in the wake of the current COVID-19 pandemic scenario, IndusInd Bank has offered a variety of finance options including low EMI scheme, step-up and balloon payment options and funding 100% on-road price for the vehicles. IndusInd Bank has a wide portfolio that can be customised for needs of salaried, self-employed, agriculturists and businessmen,” MSI said in a statement.


Maruti said that this association would help facilitate the car buyers to avail easy and attractive finance schemes.


Here are the key points of the offer


  • Low EMI scheme (1st three months) starting at Rs 899 per Lakh
     
  • Step-up scheme, EMI starting with Rs 1,800 per Lakh
     
  • Balloon EMI scheme, final EMI 25% of loan amount
     
  • Upto 100% on-road funding for customers with valid income proof
     
  • Upto 100% ex-showroom funding for customers who does not have valid income proof
     
  • Scheme is valid for all Maruti Suzuki models

 “This collaboration is aimed at providing support to our customers who might be facing liquidity crunch in the prevalent COVID-19 scenario. These special structured schemes like low EMI scheme, balloon and step-up EMI schemes, will ease the pressure on immediate cash-flow of consumers,” Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India said.


 “At IndusInd Bank, we are delighted to team up with MSIL to roll out these curated offerings for customers who are keen on buying a car,” SV Parthasarathy, Head (Consumer Finance Division), IndusInd Bank, said.