Volvo Car India collaborates with HDFC Bank to facilitate easy financing

by Autocar Pro News Desk , 16 Sep 2020

 Volvo Car India has introduced Volvo Car Financial Services in collaboration with HDFC Bank to enable buyers to receive easy finance for a Volvo car of their choice.

The service will facilitate finance of upto 100 percent of ex-showroom price of a Volvo car and will offer convenient repayment options, with no foreclosure charges under specific conditions.

The OEM says loans can be availed for upto 7 years, and there is also an option to finance insurance, extended warranty, service package and accessories. Volvo Car Financial Services will enable a faster loan approval and a uniform processing fee, giving a hassle-free finance experience to buyers.

Charles Frump, MD, Volvo Car India said, “Volvo Car Financial Services is a faster, flexible, and cost-optimised solution to finance a Volvo car. It is an extension of our people-centric approach that allows customers the ease of owning our cars. We are extremely happy to partner with HDFC Bank - a premier banking institution and we are confident that this partnership would certainly instill customer confidence in our brand even more .”

Arvind Kapil, country head – Retail Lending, HDFC Bank said, “We are excited to partner with Volvo Cars to bring this service across its dealerships in India. Our endeavour is to provide not just convenience but an experience to customers availing of our range of products and services. To this end, this partnership is a win-win for all concerned as it offers customized and cost-effective offers to customers.”

Volvo Car Financial Services will allow customers to avail of finance of upto 100% of ex-showroom price, zero foreclosure fee, finance on insurance, loan tenure of upto 7 years, coverage for the extended warranty, service package and accessories, balloon finance, step-up finance, and bullet finance.