Indian Bank has collaborated with Maruti Suzuki India Limited to facilitate hassle-free loans for customers. As per the new loan scheme, Indian Bank will offer up to 90 percent of the on-road price of the car, along with extended benefits of zero processing charges, free accidental insurance cover up to Rs 30 lakh, free fastag, and repayment tenor of 84 months on their to the customers of Maruti Suzuki. The scheme can be availed till June 30, 2022.
With this partnership, the bank can now provide easy financing benefits to a huge number of buyers through automobile manufacturers’ vast network of 3,357 new car retail outlets across 2,256 cities and towns.
Commenting on this collaboration, MD & CEO of Indian Bank Shanti Lal Jain said, “We strive to make car financing experience more convenient for customers, and a variety of options in terms of rate of Interest will be given to make financing process simpler.”
