Maruti Suzuki launches online car financing platform for Nexa customers

Tuhin Guha Published: December 10, 2020, 03:50 PM IST

Maruti Suzuki has launched a new online financing option for its Nexa range of premium cars called Maruti Suzuki Smart Finance. Through this, customers can have their loans digitally approved on the Nexa website when they purchase a car. The company is offering multiple bank options for the pre-approved loans on this portal, as well as customisable EMIs and a loan status tracker.

Interested buyers need to choose their preferred Nexa car and dealership and select a loan offer that suits them best. Once they've uploaded their documents after this, they can schedule a verification visit before the loan is disbursed.

This facility is currently hosted on the Nexa website and includes offers from eight financial institutions - HDFC Bank, ICICI Bank, ICCI Bank, IndusInd Bank, Yes Bank, Cholamandalam Finance, Mahindra Finance, AU Small Finance Bank and Kotak Mahindra Prime Limited. Nexa customers from 30 cities can finance their cars here. These are Delhi, Gurugram, Lucknow, Jaipur, Mumbai, Pune, Ahmedabad, Chennai, Bangalore, Hyderabad, Indore, Kolkata, Cochin, Chandigarh, Guwahati, Goa, Bhubaneswar, Bhopal, Coimbatore, Surat, Vadodara, Ranchi, Raipur, Nagpur, Trivandrum, Vishakhapatnam, Udaipur, Kanpur, Vijayawada, and Dehradun.

Maruti Suzuki sells the Ignis, Ciaz, S-Cross and XL6 through its Nexa network. The company promises special interest rates and down payment options when they finance their purchase through Maruti Suzuki Smart Finance.