Maruti Suzuki ties up with IDFC FIRST Bank to offer personalised car finance options

Maruti Suzuki India (MSIL), announced the signing of a Memorandum of Understanding (MoU) with IDFC FIRST Bank. As part of this collaboration, the bank will offer personalised finance options across New Car Loans, Pre-Owned Car Loans, and Commercial Vehicle Loans to customers looking to purchase Maruti Suzuki vehicles.

With the latest partnership with IDFC FIRST Bank, Maruti Suzuki continues to provide a wide range of financing options for customers across the country.

Speaking on the partnership, Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said that this would enable them to cater to the diverse needs of customers and make the vehicle purchasing process much more accessible and convenient. “It has been our goal to offer a comfortable and hassle-free financing experience for car buyers, and this collaboration enables us to take this further through an array of personalised loan benefits offered by the bank”, he added.

IDFC FIRST Bank COO,  Madhivanan Balakrishnan said that their bank leveraged analytics and digitisation to provide seamless and easy financing experience to customers across our 700+ branches PAN India. He added that this partnership would further allow Maruti Suzuki to expand its range of financing options and provide customers with greater flexibility and choice.