§ ‘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.
.JPG)
