<p>The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has collaborated with Axis Bank to offer easy vehicle financing options for potential car buyers.</p>.<p>Under the partnership, Axis Bank will offer a variety of options to customers, including 100 percent on-road funding for salaried customers for eight years, step-up EMI scheme starting at Rs 1,250 per lakh and balloon EMI scheme with final EMI being 25 percent of the loan amount, the company said in a statement.</p>.<p>Besides, the company said as part of the partnership, customers can also choose a low equated monthly installment (EMI) scheme for the first three months starting with Rs 899. These offers are valid up to July 31.</p>.<p>"The flexi EMI options are aimed to ease liquidity and repayment stress of customers during these tough times," the company said adding Axis Bank offers auto loans to a wide category of customer segments -- salaried, self-employed and with or without income proof customers.</p>.<p>Commenting on the partnership, MSIL Executive Director (Marketing & Sales) Shashank Srivastava said, "one of the impacts of Covid-19 pandemic has been a change in people's behaviour when it comes to mobility. Concern over safety and maintaining social-distancing has uptick the preference for having a personal vehicle."</p>.<p>He further said, "we are confident that this association with Axis Bank will help our customers in offering convenient, affordable and cost-effective finance solutions for buying cars."</p>.<p>Axis Bank Executive Director (Retail Banking) Pralay Mondal said the Covid-19 pandemic has created a need for more creative and flexible financing options and the bank's financing solutions will provide the much-needed hassle-free experience of car buying and financing.</p>.<p>Axis Bank is one of the key partners of Maruti Suzuki for dealer inventory as well as retail financing solutions.</p>.<p>The two partners will leverage the strong reach of over 3,000 Maruti Suzuki outlets and more than 4,500 Axis Bank's branch network to reach out to a wide cross-section of customers across the nation, the statement said.</p>
<p>The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has collaborated with Axis Bank to offer easy vehicle financing options for potential car buyers.</p>.<p>Under the partnership, Axis Bank will offer a variety of options to customers, including 100 percent on-road funding for salaried customers for eight years, step-up EMI scheme starting at Rs 1,250 per lakh and balloon EMI scheme with final EMI being 25 percent of the loan amount, the company said in a statement.</p>.<p>Besides, the company said as part of the partnership, customers can also choose a low equated monthly installment (EMI) scheme for the first three months starting with Rs 899. These offers are valid up to July 31.</p>.<p>"The flexi EMI options are aimed to ease liquidity and repayment stress of customers during these tough times," the company said adding Axis Bank offers auto loans to a wide category of customer segments -- salaried, self-employed and with or without income proof customers.</p>.<p>Commenting on the partnership, MSIL Executive Director (Marketing & Sales) Shashank Srivastava said, "one of the impacts of Covid-19 pandemic has been a change in people's behaviour when it comes to mobility. Concern over safety and maintaining social-distancing has uptick the preference for having a personal vehicle."</p>.<p>He further said, "we are confident that this association with Axis Bank will help our customers in offering convenient, affordable and cost-effective finance solutions for buying cars."</p>.<p>Axis Bank Executive Director (Retail Banking) Pralay Mondal said the Covid-19 pandemic has created a need for more creative and flexible financing options and the bank's financing solutions will provide the much-needed hassle-free experience of car buying and financing.</p>.<p>Axis Bank is one of the key partners of Maruti Suzuki for dealer inventory as well as retail financing solutions.</p>.<p>The two partners will leverage the strong reach of over 3,000 Maruti Suzuki outlets and more than 4,500 Axis Bank's branch network to reach out to a wide cross-section of customers across the nation, the statement said.</p>