Mercedes Benz ties up with SBI for car finance --Check benefits, interest rates and more

New Delhi: Luxury car manufacturer Mercedes-Benz has announced partnered with State Bank of India (SBI) for car finance to offer attractive interest rate and a host of other benefits.

The collaboration will give Mercedes-Benz India access to the unparalleled market penetration of SBI's HNI customer base, while the bank's customers will enjoy exclusive benefits on booking its luxury cars, the company said in a release.

The tie-up guarantees many financial benefits including an attractive rate of interest. Besides, all customers booking a Mercedes-Benz car online through SBI's digital platform YONO will get an additional benefit of Rs 25,000 at the dealerships.

The SBI customers can use YONO platform for online booking of Mercedes-Benz cars with additional benefits till December 31.

Under the tie-up, the SBI (high net-worth individuals) HNI customers in all its 17 circles across India will have access to the collaboration with Mercedes-Benz, enhancing the reach and increasing market penetration.

Mercedes-Benz has been constantly exploring new avenues to reach out to potential customers and this is the first time we are collaborating with any bank. The collaboration...Gives us an exciting opportunity to expand our customer base and reach out to the potential HNI customers of the bank with our products and services," said Martin Schwenk, MD&CEO, Mercedes-Benz India.

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"With attractive interest rates and customised benefits including a smart digital option of booking the Mercedes on YONO, we look forward to witnessing our HNI customers live through a unique journey of getting home the car," said C S Setty, Managing Director (Retail & Digital Banking), SBI.