Maruti Suzuki teams up with Karnataka Bank for car loans


Maruti Suzuki teams up with Karnataka Bank for car loans


We have some interesting news, especially for those people who plan to buy a Maruti Suzuki car in India any time soon. The automaker has announced that it has marked a Memorandum of Understanding (MoU) with Karnataka Bank, a Mangaluru-based private area moneylender, to offer appealing car account options. Under the domain of this tie-up, individuals buying a Maruti Suzuki car will actually want to benefit from this car loan offers across 858 parts of Karnataka Bank all over India.


Shashank Srivastava, Executive Director (Marketing and Sales), Maruti Suzuki India Limited, said, “This association is planned to make the vehicle buying venture simple and reasonable for our customers. Quick mechanical turn of events and new advanced consumer practices are deciding car deals across India. As of late, Maruti Suzuki has taken numerous activities in this direction, including the dispatch of computerized Smart Finance stage and inventive plans to help customers buy new cars at an alluring pace of interest and modified EMI according to their prerequisites. 


In FY2020-21, under the tie-up with accomplice lenders, we have financed more than 9.7 Lakh vehicles. We are confident that the most recent tie-up with Karnataka Bank will help meet the assorted money prerequisites of our customers.” 


Maruti Suzuki and Karnataka Bank car loan offer 


  • Presently, how about we investigate some of the vital subtleties of the new automobile money offer: 


  • Customers will actually want to benefit from car loans of up to 85 per cent of the on-road cost


  • The offers are relevant on all-new Maruti Suzuki cars, for example, the ones retailed through cars ARENA and NEXA display areas


  • The car loan offer incorporates a financing cost connected to the outside benchmark loaning rate 

  • Customers picking this car loan offer will actually want to pick residencies of as long as 84 months


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