Suzuki Motorcycle India inks MoU with Bajaj Finance to provide personalised two-wheeler financing

Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has entered into a MoU (Memorandum of Undertaking) with Bajaj Finance (BFL) to provide quick and hassle-free financing on the purchase of Suzuki two-wheelers. BFL is the lending arm of diversified financial services firm Bajaj Finserv.

The partnership will enable customers to avail round-the-clock, easy, and hassle-free retail financing option on the purchase of their Suzuki two-wheeler. The MoU will also provide additional benefits to customers. These benefits include vehicle loan sanction within minutes and hassle-free documentation.

Commenting on the partnership, Kenichi Umeda, Managing Director, Suzuki Motorcycle India said, “Considering our continuous growth in the Indian market, it becomes imperative for us to associate with financiers who can facilitate ease of purchasing Suzuki Two Wheelers. The idea is to offer flexible, yet easy retail finance offers keeping in mind the needs of our customers. We are confident that our engagement with Bajaj Finance will be another step in enhancing our ability to cater to the needs of our growing customer base in India and thereby support our growth plans.”

As part of this association, customers can get faster approval with nominal documentation at a competitive interest rate. To add to this convenience, Bajaj Finance offers easy scheme options, digital login, round the clock operational support, and pre-approved offers.

Amit Raghuvanshi, President - Personal Loans and Sales Finance, Bajaj Finance said, “As the preferred financier tie-up with Suzuki Motorcycle India, one of the leading players in India’s two-wheeler space, Bajaj Finance has the opportunity to reach out to a larger number of two-wheeler buyers. With our customer franchise of 69 million, the partnership with Suzuki Motorcycle enables us to deliver a superior digital experience and a wider suite of financial solutions to our customers. We are thrilled to begin this partnership and look forward to jointly serving millions of customers across India.”