Maruti Suzuki Introduces Finance Scheme Offers For New Car Buyers: Repayments With Flexible EMIs:
Maruti Suzuki India Limited (MSIL) had created it’s a partnership with ICICI Bank to introduce a new finance theme for new car buyers within the country. Beneath the new theme, the corporate is providing varied choices of repayment with versatile EMIs.
Each brand has partnered to introduce new finance schemes to help the customers create an acquisition call throughout these unprecedented times. Maruti Suzuki and ICICI Bank have a number of client touchpoints across the country which will profit the customers of all profiles who are willing to buy a car. The sales of Maruti Suzuki is predicted to be raised by the new scheme.
Flexi EMI Finance Scheme
Flexi EMI theme customer choices for the Flexi EMI choice are paying a comparatively lower installment of Rs 899 per lakh of the loan amount borrowed for the first 3 months for purchase. From the fourth month, Regular EMI is paid.
Balloon EMI Finance Scheme
Balloon EMI scheme under this scheme, customers are paying an EMI as low as Rs 1,797 per lakh thought the loan tenure. However, the ultimate installment paid by the client is one-fourth of the loan amount. This scheme is planned especially for the customers who are more likey to pay lower EMI through the loan tenure.
Step-Up EMI Finance Scheme
Increase EMI scheme customers looking step by step increases their EMI payout with each year will think about this feature. This offers the customers a unique advantage of accelerating EMI amount by up to 10 percent per annum. The EMI starts from Rs 1,752 per lakh within the initial year of repayment that progressively will increase by 100% per annum for a loan tenure of 5 years.