CHOLAMANDALAM JOIN HANDS WITH MARUTI SUZUKI FOR VEHICLE FINANCE - GADGET-INNOVATIONS

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CHOLAMANDALAM JOIN HANDS WITH MARUTI SUZUKI FOR VEHICLE FINANCE

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§  ‘Buy Now Pay Later’ to make car financing easier for customers

§  Allows flexibility to customers to pay EMIs after two months of availing the loan


With the aim to finance a new car purchase easy and affordable, Cholamandalam Investment & Finance Company Limited (CIFCL) today announced a partnership with Maruti Suzuki India Limited. The objective of this partnership is to provide custom auto retail financing solutions to retail buyers. The ‘Buy Now Pay Later’ offer is aimed to provide customers with easy financing options.


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


Encouraging people to go for financing of 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 June 30, 2020.








New Delhi, May 22, 2020


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