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Now You Can Buy Maruti Suzuki Car At Just Rs 899/month: Here’s how

By on May 31, 2020 0 1076 Views

The ongoing coronavirus has greatly affected the auto industry in India. The sales of new cars in the past months were almost none. Now, to make sure that the industry picks up its pace again, many companies are coming up with lucrative offers. Maruti Suzuki is also trying its best to restart the services. And that is why it has launched a scheme where you can buy a Maruti Suzuki car at an EMI of just Rs. 899 per month.

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The Rs. 899 Scheme for Maruti Suzuki Car

Recently, Maruti Suzuki India Limited joined hands with HDFC bank to offer customized auto retail financing services to its customer. Under this partnership, the auto company is offering various schemes and this low EMI car purchase is one of them.

Under its Flexi-EMI scheme, customers can buy cars on low EMI at Rs. 899/ on a loan of Rs 1 lakh. For the salaried customers, this EMI will be offered for the six months, while the self-employed customers will get it for the first three months. This step will help customers overcome the current financial stress.

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Talking to media, Shashank Srivastava, Executive Director (M&S), Maruti Suzuki India, said, “This is an advantage to buyers who may face resource crunch amidst the COVID-19 lockdown. New car buyers can select from a host of schemes that will offer low down payment options and low EMIs. This would particularly help customers in the entry level segments.” 

Other Schemes

It is not just the Rs. 899 EMI scheme but many other offers that Maruti Suzuki is planning to give its customers. Some of them are as follows:

  • Step-up EMI Plus Balloon Scheme: In this scheme, the customers can buy a Maruti Suzuki car at an initial EMI of Rs 1,111 per lakh. This loan will be available for 84 months.
  • Flexi EMI Scheme: Under this scheme, customers have the facility to pay a lower EMI for 3 months every year. This facility will be available for the entire loan tenure, i.e., the number of years it will be loaned. 

Apart from this, Maruti Suzuki is also offering special interest rates for females.

Earlier, Maruti Suzuki also partnered with ICICI Bank and Cholamandalam Investment & Finance Company Limited (CIFCL) to offer flexible finance schemes.

The situation of auto sector has been disturbing in the past few months. These schemes and partnerships are trying to boost the economy and make up for the low sales.

For more such latest news about the auto sector, keep reading NewzOnTips.

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