Maruti Suzuki Launches Smart Finance Service for One-Stop Lending Solutions

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Maruti Suzuki India (MSIL) on Wednesday launched Smart Finance service for Nexa customers in 30 cities for seamless and faster solutions for customers.

The Maruti Suzuki Smart Finance will offer comprehensive online financing solutions and will aim to simplify and digitize the customer’s car buying journey with a bunch of financing options, the company said.

Services include choosing the right financial partner, selecting the most suitable loan product, completing all financing formalities and disbursing the loan with just a few clicks.

A hassle-free solution

Nexa’s website will act as a facilitator between the client and the financier, offering a wide variety of choices on loan offers, real-time status updates and, in turn, a seamless, seamless financing solution. hassle.

The company has currently partnered with eight financiers – HDFC Bank, YES Bank, ICCI Bank, IndusInd Bank, Cholamandalam Finance, AU Small Finance Bank, Mahindra Finance and Kotak Mahindra Prime – and will subsequently integrate other major financiers. . By the end of March, the company will partner with 17 other banks, he said.

Improving transparency around loan offers and associated fees allows the client to make a good decision in a very practical way, he said.

“This digital service offers easy financing options and is completely transparent every step of the way in the lending process. Among other benefits, the customer can customize the IME by choosing the loan term and interest rate and selecting a preferred down payment system, ”said Kenichi Ayukawa, Managing Director and CEO of MSIL.

The client is able to compare several scenarios for his car loan and make an informed choice of the loan partner, the length of the loan, he said.

The Smart Finance pilot was carried out in Gurugram and feedback was gathered from customers, the company said.

The service is now available in 30 cities, including Delhi, Gurugram, Lucknow, Jaipur, Mumbai, Pune, Ahmedabad, Chennai, Bangalore, Hyderabad, Indore and Kolkata, for employees who wish to purchase Nexa.

Gradually, the service will be offered to Arena customers, self-employed workers, and will be extended to new cities, the company added.


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