Maruti Suzuki introduces ‘Buy now pay later’ plan

Maruti Suzuki’s ‘Buy now pay later’ financing options give customers a chance to defer their EMIs for up to 60 days, along with other options to ease the up-front financial burden of buying a new car.

Maruti Suzuki has announced a tie-up with Cholamandalam Investment & Finance company to provide customised car loans to customers in the time of COVID-19 through its new ‘Buy now pay later’ plan. The new schemes are tailored to provide easy financing options to customers according to their needs.

The ‘Buy now pay later’ scheme allows customers to select a Maruti Suzuki model and to take higher value loans with up to 90 per cent on-road funding. Depending on a case to case basis, the loan re-payment tenure can also be increased. Customers can also choose to defer two EMI payments on their new Maruti Suzuki if they are facing a financial crunch due to the coronavirus pandemic. Those looking to buy a new car can contact their nearby dealerships for more details on financing options. 

'Customers have always been at the heart of Maruti Suzuki’s efforts of making personal mobility accessible. The partnership with Cholamandalam Investment & Finance company Limited will boost convenience by offering customized retail financing to the customers. It is aimed to offer comfort to buyers who may have faced liquidity crunch during the COVID-19 lockdown.  I am sure that the “Buy-Now-Pay-Later Offer” will encourage customers towards car purchase without putting immediate extra pressure on their pockets,' said, Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki.

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