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Karur Vysya Bank (KVB) is offering a special product for buyers of Maruti Suzuki vehicles (except Omni and EECO) which include 100 per cent on-road finance with a 6 month holiday period.
The loan can be availed by self-employed and salaried persons, the bank said in a release.
“The in-principle loan sanction would take 15 minutes and existing customers of the bank can get the loan disbursed the same day,” J Natarajan, President and COO, KVB said.
Commenting on the tie-up with KVB, Shashank Srivastava , Executive Director (M&S), Maruti Suzuki India said that such customer focused partnerships would pave the way for greater access to financing options, usher finance flexibility and ease of owning a new car.
The bank is seeking to leverage on the vast retail network of the automobile manufacturer numbering 3086 across 1964 cities and towns.
KVB’s network of 780 branches spans across 22 states and Union Territories
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