Indian Bank has partnered with Maruti Suzuki. Customers of Maruti can get loans from Indian Bank’s 5700 branches across the country under this scheme.
If you’re considering purchasing a vehicle, there’s some good news for you. You no longer have to worry about making a significant down payment when purchasing a car from Maruti, the country’s largest automaker. You can now own a car for as little as 10% of the automobile’s ex-showroom MSRP. Aside from that, when you acquire a car, you will receive a 30-lakh accidental insurance policy and a free FASTag.
Let us inform you that Maruti Suzuki has announced a cooperation with the Indian Bank, which is owned by the government. Customers of Maruti can get a 90 percent loan from Indian Bank’s 5700 outlets across the country until June 30, 2022. Customers can get loans up to 90% of the cost of the automobile through the cooperation with Indian Bank, as well as free accidental insurance up to Rs 30 lakh and free FASTag.
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Maruti Suzuki has partnered with 37 organizations.
Maruti Suzuki has 3,357 new car retail locations spread over 2,156 cities in India. So far, the company has signed retail finance agreements with 37 different financial institutions. There are 12 public sector banks, 11 private banks, seven non-bank financial companies, and seven regional rural banks among them.
Customers will gain from this.
Shashank Srivastava, Maruti’s Senior Executive Director (Marketing & Sales), remarked that the company’s whole focus is on delivering improved facilities to customers. In the vehicle industry, finance accounts for 80% of retail sales. This is why Maruti has partnered with a number of banks and financial organizations to make financing simple. We are optimistic that our relationship with Indian Bank will be long-lasting and suit the expectations of our clients.
