Home Car News Car Company Maruti Suzuki launches 3 new low loan scheme, EMI to...

Car Company Maruti Suzuki launches 3 new low loan scheme, EMI to be decided according to customer convenience

- Advertisement -

To increase sales of its cars, Maruti Suzuki has launched three new schemes of cheap loans in collaboration with private sector ICICI Bank.

There is a scheme in this, in which the customers have to pay the first three installments based on just Rs 899 per lakh. After this, their monthly installment will increase. This will help the customers whose income has been affected due to Coronavirus lockdown currently.

Under the second scheme, the customer will have to pay a monthly installment of Rs 1797 per lakh for the entire duration of the loan. The specialty of this loan scheme is that the customer will have to pay a quarter of the entire loan amount together as the last installment.

The third scheme is designed in such a way that the monthly installment amount of the customer will be increased by 10 percent every year so that he does not get a lump sum burden and the installment increases as the income increases. First-year customers can start with EMI at Rs 1752 per lakh.

Also Read:  Officially released version of Kawasaki Ninja ZX-25R race

Not only this, but ICICI Bank has also announced a loan of 100 percent on-road price of Maruti Suzuki cars. Shashank Srivastava, executive director (sales and marketing), Maruti Suzuki, says that the atmosphere created due to Kovid-19 will also have to take care of the interests of customers to increase sales. Our sales are likely to pick up due to the variety of choices available to customers.

- Advertisement -


Sign up for latest news, important updates and special tutorials.

Anoj Kumar
Anoj Kumar is the Editorial Director for the AutoFreak. Anoj has been consistently named one of the top Influencers and Author by independent organizations. He is a frequently quoted source in Auto-Mobile.

Must Read

Grab upto Rs 40,000 discount on Maruti Nexa Cars – Baleno, Ciaz, XL6

If the title wasn't enthusiastic enough, the deal will surely be. Maruti Suzuki will offer various discounts on its models to get the sale...

Know Latest Update Will the Chevrolet SS hold its value?

SS or Super Sport is the signature performance package offered by Chevrolet on its limited number of vehicles. All these SS models come with distinctive 'SS'...

2020 Subaru Outback – Is it better than the older version?

The new Оutback has mоre pоwerful engines, new tech, and, оf cоurse, all-wheel drive. 2020 Subaru Outback - Is it better than the older...

Is the Tesla Model 3 expensive to maintain?

Tesla's are so different from other cars and electric cars. There are so many features that not a lot of people know about it...

Car Trends to Look Out For in 2020

How long has it been since you experienced that shiny new car feel, and go to breathe in new car air? If it’s been...

Know About 2020 Supra – Toyota’s Best Car Yet?

The Toyota Supra is back after a 20-plus year break, and this all-new model ranks near the top of the luxury sports car class....

Best 3-Row SUV Car for 2020 Review, Mileage, Specs, And Much More !!!

If you are finding for a family Car with seating of more than five, then you're in the market either for an SUV or...

2021 Porsche Taycan Cross Turismo EV Review, Specs, Mileage, Picture, And Every Update Here !!!

If you were already impressed with the Porsche Taycan EV, imagine a Cross Turismo outfit, yes, an All-electric Porsche Taycan Cross Turismo. Maybe the Porsche...


The 2021 Audi RS6 Avant made it's introduced in America to swarming mob of happy purchasers. They appreciate the idea of owning a car...


Volkswagen's top rate sedan, the Arteon, has been on sale in the US for much less than 12 months now, and its debut on...