Maruti Suzuki partners with Karnataka Bank

Chennai: Maruti Suzuki India Limited (MSIL) has signed a MoU with Karnataka Bank to introduce finance options for customers purchasing car from the company.

Maruti said its customers can avail the benefits across 858 branches of Karnataka Bank at metro, urban, semi- urban and rural locations.

Under this collaboration, customers can avail loans up to 85 per cent of the on-road price of all new cars from Maruti Suzuki Arena and Nexa showrooms.

The car loans will bear an interest rate linked to the external benchmark lending rate. Customers can opt for tenure of up to 84 months for their loans.


NT Bureau