Maruti Suzuki partners with Karnataka Bank for auto loans & nbsp
We have some interesting news, especially for people who are planning to buy a Maruti Suzuki car in India in the near future. The automaker said it has signed a memorandum of understanding with Karnataka Bank, a private sector lender based in Mangaluru, to offer attractive auto finance options. As part of the merger, people who buy a Maruti Suzuki car will be able to benefit from this auto loan offer at 858 Karnataka Bank branches across India.
Shashank Srivastava, Executive Director (Marketing & Sales) of Maruti Suzuki India Limited, said: “This partnership aims to make the vehicle purchasing process easy and affordable for our customers. Rapid technological development and new digital consumer behaviors determine auto sales in India. In recent years, Maruti Suzuki has taken many initiatives in this direction, including the launch of the digital platform Smart Finance and innovative programs to help customers buy new cars at an attractive interest rate and a personalized EMI according to their needs., as part of the merger with financial partners, we have financed more than 9.7 Lakh vehicles. We are convinced that the latest merger with Karnataka Bank will help meet to the various financing needs of our clients. “
Maruti Suzuki and Karnataka Bank auto loan offer
Now let’s take a close look at some of the key details of the new auto finance offering:
- Customers will be able to benefit from auto loans of up to 85% of the road price
- The offers are applicable to all new Maruti Suzuki cars, i.e. those sold through the ARENA and NEXA showrooms
- The car loan offer includes an interest rate linked to the external reference lender rate
- Customers opting for this auto loan offer will be able to choose terms of up to 84 months.