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Maruti Suzuki ties up with Axis Bank, announces flexible EMI schemes

Aditya Chatterjee  | Published: July 08, 2020, 08:05 AM IST

India's largest automobile manufacturer Maruti Suzuki has announced its association with Axis Bank, for providing finance options to the prospective clients. As a part of the association, the company will be catering to a wide category of customer segments which include salaried, self-employed and with or without income proof customers. Among the different schemes on offer, there is flexible EMIs, 100 percent on road funding for salaried customers for 8 years, step up scheme where EMIs starting from Rs 1,250 will be charged per lakh, low EMI scheme with as low as Rs 899 per lakh for the first three months of car purchase and a balloon EMI scheme wherein the last EMI will be the 20 per cent of the loan amount.

"One of the impacts of COVID-19 pandemic has been change in people's behaviour when it comes to mobility. Concern over safety and maintaining social-distancing has uptick the preference for having a personal vehicle. We are confident that this association with Axis Bank will help our customers in offering convenient, affordable and cost-effective finance solution for buying cars. With this tie-up our customers will have a wide array of easy finance options to choose from." commented, Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India.

"It's always been our endeavour to engage with our esteemed clients and offer them customised finance solutions for different customer needs. Our primary objective has always been to provide ease and convenience for our customers. The COVID-19 Pandemic has created a need for more creative and flexible financing options for Maruti Suzuki car buyers and our best-in-class financing solutions will provide the much-needed hassle-free experience of car buying and financing." commented, Pralay Mondal, Executive Director (Retail Banking), Axis Bank.

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