Maruti’s New Finance Scheme – Buy Now Pay Later

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With the aim to make new car purchase easy and affordable, Maruti Suzuki India Limited today announced a partnership with Cholamandalam Investment & Finance Company Limited (CIFCL), one of the leading Non-Banking Financial Companies. The objective of this partnership is to provide customised auto retail financing solutions to retail buyers. The new solution ‘Buy Now Pay Later Offer’’ is aimed to provide customers with easy financing options.

– Buy Now, Pay Later Offer
– Higher Loan to Value
– Upto 90% On Road Funding
– Longer Repayment Tenure

A two-month deferment of EMI will bring advantage to car customers who currently are under resource crunch amidst the COVID-19 pandemic.

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Encouraging people to buy a new vehicle, the ‘Buy Now Pay Later Offer’’ will allow customers to start paying the EMIs after 60 days of loan disbursement. This will make the process of car buying more convenient in these unprecedented times. With Maruti Suzuki’s vast network of 3,086 new car retail outlets across 1,964 cities and towns and CIFCL’s extensive branch presence across the country, the offer is expected to benefit many customers. The offer is available on select Maruti Suzuki models and will be applicable on loan disbursement till 30th June 2020.

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