ADVERTISEMENT
GaadiKey
  • Road Safety
  • Store
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
  • Privacy
No Result
View All Result
GaadiKey
No Result
View All Result
ADVERTISEMENT
Home Auto Industry

Maruti Suzuki partners with Mahindra Finance – Brings Easy Finance

Under the tie up, Maruti Suzuki customers can avail wide options for getting their car financed from Mahindra Finance like "Buy now and pay later": Moratorium scheme of 2 months to help customers manage their cash flows and various other customized EMI Options

Chethan Thimmappa by Chethan Thimmappa
June 9, 2020
in Auto Industry, Cars, Maruti Suzuki
0
Maruti S Presso Review: SUV like hatch under 5 Lakhs!
129
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Maruti Suzuki India Limited (MSIL) has joined hands with Mahindra Finance, one of the leading NBFCs, to ease the finance availability for customers looking at personal mobility solutions during ongoing COVID-19 pandemic. 

ADVERTISEMENT

Under the tie up, Maruti Suzuki customers can avail wide options for getting their car financed from Mahindra Finance including:

  • A. Buy now and pay later: Moratorium scheme of 2 months to help customers manage their cash flows
  • B. Step up EMI: Unique step up option at frequency of 6 months
  • C. Balloon EMI: Customer has to pay 25% of the contract value as last EMI
  • D. Agricultural customer schemes including quarterly EMIs
  • E. Low down payment scheme


Speaking on the partnership with Mahindra Finance, Mr Shashank Srivastava, Executive Director (M&S), Maruti Suzuki India said,

ADVERTISEMENT

“Mahindra Finance is a very well networked NBFC across India and has the expertise in lending across all profiles including semi-rural, rural and no-income proof customers. More than one-third of Maruti Suzuki’s retail sales come from rural India. We are extremely confident that this alliance with one of India’s largest NBFCs will help in increasing easy finance availability to our customers in the current challenging situation arisen due to COVID-19 pandemic. Customers will benefit from the range of offers like Buy now and Pay Later, Step Up EMI, Balloon EMI etc”.

Speaking on this strategic alliance, Mr Ramesh Iyer, Managing Director, Mahindra Finance, said

“We believe that demand in rural will revive the fastest on the backdrop of a good monsoon expectation and less  impact of the current pandemic. We are geared up to support and service all customers in these markets. Maruti Suzuki has been a very close and important partner to us.  We believe providing solution is more important than just offering credit. With our wide spread branch network serviced through employees recruited locally we will be able to become a solution provider instead of only a financier to these rural customers” 

In the last five years, over six lakh Maruti Suzuki customers have financed their cars from Mahindra Finance. Maruti Suzuki has an extensive range of cars and wide-spread dealer network of over 3,086 showrooms across the country. Mahindra Finance too has a network of 1,450 branches and offers attractive finance schemes. This partnership would support all the customers segments — salaried, self-employed, agriculturists and businessmen to purchase cars.

Highlights

o    Buy Now Pay Later scheme of 2 months

ADVERTISEMENT

o    Step up EMI scheme with 6 monthly EMI increase

o    Agricultural Customer schemes including quarterly EMIs

o    Turant Scheme – on the spot approval for both salaried as well as No Income Proof (NIP) customers

o    Flexible schemes including Balloon EMI

o    No Field Investigation scheme for contactless disbursement

o    Scheme applies to all MSIL models

You can add more to this story by commenting below.

RECOMMENDED FOR YOU:

  1.   Maruti Suzuki Ciaz Review
  2.   Maruti S Presso Review: SUV like hatch under 5 Lakhs!
  3.   New Maruti Wagon R Review – 2019 Big New Wagon R
  4.   Mahindra launches “Own Now, Pay In 2021” Car Loan Scheme
  5.   Mahindra launches Own-Online: An end-to-end online car owning solution
SendShareTweet
ADVERTISEMENT
Previous Post

Hero launches integrated online sales platform – eSHOP

Next Post

Yamaha launches “Corona Warriors’ Camp” to support frontline staff

Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries.

Related Posts

Bosch opens India’s largest Bosch Car Service network in Panchkula
Auto Industry

Bosch opens India’s largest Bosch Car Service network in Panchkula

by Chethan Thimmappa
January 18, 2021
0

Bosch Automotive Aftermarket inaugurated one of the largest Bosch Car Service (BCS) facilities in Panchkula, as part of workshop chain...

Read more
Refreshed 2021 Skoda Superb SportLine launched at Rs 31.99 lacs

Refreshed 2021 Skoda Superb SportLine launched at Rs 31.99 lacs

January 15, 2021
Kia New Logo

Kia presents its new brand purpose and future strategy

January 15, 2021
Shakti Auto Cars Jaguar Land Rover showroom opens in Bengaluru

Shakti Auto Cars Jaguar Land Rover showroom opens in Bengaluru

January 14, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Bosch opens India’s largest Bosch Car Service network in Panchkula

Bosch opens India’s largest Bosch Car Service network in Panchkula

January 18, 2021
Honda Grazia Sports Edition launched at Rs 82,564/-

Honda Grazia Sports Edition launched at Rs 82,564/-

January 18, 2021
Refreshed 2021 Skoda Superb SportLine launched at Rs 31.99 lacs

Refreshed 2021 Skoda Superb SportLine launched at Rs 31.99 lacs

January 15, 2021
Kia New Logo

Kia presents its new brand purpose and future strategy

January 15, 2021
Shakti Auto Cars Jaguar Land Rover showroom opens in Bengaluru

Shakti Auto Cars Jaguar Land Rover showroom opens in Bengaluru

January 14, 2021
2021 Tata Safari First look Images revealed – First Car rolls out

2021 Tata Safari First look Images revealed – First Car rolls out

January 14, 2021
Mercedes-Benz India to launch 15 new products in 2021

Mercedes-Benz India to launch 15 new products in 2021

January 13, 2021
Tata Altroz iTurbo

2021 Tata Altroz iTurbo launched – Gets Harbour Blue Color

January 13, 2021




Archives

Test Driven

Nissan Magnite Review: Powerful, Purposeful and BIG
Car Reviews

Nissan Magnite Review: Powerful, Purposeful and BIG

December 1, 2020
New Hyundai i20 Petrol Review- Worth 11 lakh?
Car Reviews

New Hyundai i20 Petrol Review- Worth 11 lakh?

November 12, 2020
Kia Sonet Review – 7DCT Petrol GTX+
Car Reviews

Kia Sonet Review – 7DCT Petrol GTX+

September 14, 2020
2020 Tata Harrier Diesel Automatic Review (XZA+)
Car Reviews

2020 Tata Harrier Diesel Automatic Review (XZA+)

September 22, 2020

Search this Website

No Result
View All Result

Archives

Important Links

  • GaadiKey Store
  • GaadiKey Photos
  • GaadiKey Android App

Recent Posts

  • Bosch opens India’s largest Bosch Car Service network in Panchkula
  • Honda Grazia Sports Edition launched at Rs 82,564/-
  • Refreshed 2021 Skoda Superb SportLine launched at Rs 31.99 lacs
  • Kia presents its new brand purpose and future strategy
  • Shakti Auto Cars Jaguar Land Rover showroom opens in Bengaluru

About

GaadiKey

GaadiKey blog is a one stop portal for all the latest in the automobile industry. We are a bunch of people who are passionate about bikes and cars. We share the experience, reviews and stuff connected to Gaadis.

© 2021 GaadiKey - Prime GaadiKey.

No Result
View All Result
  • Road Safety
  • Store
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
  • Privacy

© 2021 GaadiKey - Prime GaadiKey.