HDFC Bank lending 100% loan on new car, agreement with Maruti Suzuki

If you want to get a new car and do not have a single penny in your pocket, you can still have a car parked at your door. In fact, HDFC Bank is giving loans up to 100 percent of the total cost of the vehicle on Maruti vehicles. The country’s largest carmaker Maruti Suzuki India said on Thursday that it has tied up with HDFC Bank Ltd to offer loan schemes on easy terms for new car buyers.

Maruti Suzuki India (MSI) said in a statement that the plans include the option of Elastic Monthly Installment (EMI), under which customers can avail three months of reduced EMI every year and the total cost of the car till the customer returns Can take loan up to 100 percent of First six months loan installment is starting from Rs 899 per lakh.

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Talking about the partnership, MSI Executive Director (Marketing and Sales) Shashank Srivastava said, “It is beneficial for buyers who, in the Kovid-19 epidemic, said that new car buyers have options ranging from low downpayment to low EMI.” Can choose.

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