Maruti Suzuki has joined hands with ICICI Bank to offer customised auto retail financing solutions across India.
ICICI Bank, which is a long-standing and preferred partner for retail financing of Maruti Suzuki, is offering a bouquet of attractive finance schemes to Maruti Suzuki customers to help them overcome the current financial challenges.
With more than 3,000 outlets of Maruti Suzuki and ICICI Bank’s extensive network of more than 5,380 branches across the country, the offer is expected to benefit the customers of all profiles who are willing to buy a car.
The offer comes three schemes such as Flexi EMI scheme, Balloon EMI scheme and Step up EMI scheme.
Under the Flexi EMI scheme, the EMI amount starts with a low Rs 899 on a loan amount of Rs 1 lakh for first three months. Thereafter the EMI amount is higher.
The Balloon EMI scheme is curated specially for the customers who are keen to pay lower EMI through the loan tenure.
The Step up EMI scheme offers the customers a unique advantage of increasing EMI amount up to 10% every year as their income increases. The EMI could start from Rs 1,752 per lakh in the first year of repayment which progressively increases by 10% every year for loan tenure of five years.
Additionally, ICICI Bank offers up to 100% on-road funding of Maruti Suzuki cars. ICICI Bank also offers finance under Pragati – Assessed Income Product (AIP) to the prospective Maruti Suzuki.