Online car financing by Maruti
Maruti Suzuki India Limited on Wednesday launched its online car financing platform “Smart Finance” which will have multiple financiers on board.
The platform will offer online finance solutions to salaried customers looking to buy vehicles in the Nexa channel across 30 cities, including Calcutta.
Maruti will subsequently extend the service to non-salaried and Arena customers and cover more cities.
The platform is hosted on www.nexaexperience.com, comprising eight financiers — HDFC Bank, Yes Bank, ICICI Bank, IndusInd Bank, Cholamandalam Finance AU Small Finance Bank, Mahindra Finance and Kotak Mahindra Prime.
The customers can choose a loan product and complete all the finance related formalities, including uploading required documents. The loan will be disbursed immediately for pre-approved loans and within a few hours for others. The Nexa website will act as a facilitator between the customer and the financier providing a the loan offers real time status updates and a hassle free and transparent financing solution.
Speaking on the new initiative, Kenichi Ayukawa, Managing Director and CEO, MSIL, said, “Under the Smart Finance platform, we have partnered with several financiers to provide custom curated personalized loan offers for our customers. The customer gets to customize the EMI, by choosing the loan tenure and interest rate and select a preferred down-payment scheme.”