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Cholamandalam Investment & Finance Company partners with Maruti Suzuki India

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To offer 'Buy Now Pay Later' financing solution

Cholamandalam Investment & Finance Company announced a partnership with Maruti Suzuki India. The objective of this partnership is to provide customised auto retail financing solutions to retail buyers. The 'Buy Now Pay Later' offer is aimed to provide customers with easy financing options.

A two-month deferment of EMI will bring advantage to car customers who currently are under resource crunch amidst the COVID-19 pandemic.

Encouraging people to go for financing of a new vehicle, the 'Buy Now Pay Later' offer will allow customers to start paying the EMIs after 60 days of loan disbursement. This will make the process of car buying more convenient in these unprecedented times. With Maruti Suzuki's vast network of 3,086 new car retail outlets across 1,964 cities and towns and CIFCL's extensive branch presence across the country, the offer is expected to benefit many customers. The offer is available on select Maruti Suzuki models and will be applicable on loan disbursement till 30 June 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 22 2020. 13:19 IST
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