Cars in India | Autoportal.com

Grab Exciting Deals on New Cars! Hurry, Limited Period Offer!

Maruti Suzuki, Muthoot Finance join hands to offer 100 per cent car loans

Maruti Suzuki, Muthoot Finance join hands to offer 100 per cent car loans

Snapshot: The 100 per cent finance for Maruti cars can be availed across 39 branches of MVFL in Kerala.

- Comments    |    Write Comment

India’s largest carmaker Maruti Suzuki India has announced to have joined hands with Muthoot Vehicle and Assest Finance (MVFL) in order to enable customers avail a 100 per cent finance for Maruti cars. The MoU was signed between Tarun  Garg, vice president of sales, Maruti Suzuku and George Alexander Muthoot, managing director of Muthoot Group. 

Termed as the first-of-its-kind finance scheme, the ‘Muthot Maruti Gold to Car Scheme’ (MMG) will give Maruti customers 100 per cent on road financing for their cars. The vehicles would be funded by MVFL and the down payment for the car would be financed by Muthoot Finance. The initiative has been coined, keeping in mind the large section of the consumers who cannot arrange for an immediate down payment for a car purchase. 

George Alexander Muthoot said that would be a ‘win-win’ initiative for Muthoot, Maruti and the customers. The tie-up would be beneficial to salaried customers, business profile customers, no income proof customers and NRIs with suitable guarantors. 

MVFL operates in India through a network of 39 branches across 13 districts in Kerala. The company has made considerable forays into financing of used and new commercial vehicles, passenger and goods autos, earth moving equipment and tippers. 

Related car news

  • New-generation Maruti Ertiga Automatic Spied 13-06-2018 Autoportal Team New-generation Maruti Ertiga Automatic Spied
  • Maruti Suzuki Ignis Diesel Discontinued 13-06-2018 Mainak Maruti Suzuki Ignis Diesel Discontinued
  • Toyota Corolla Altis to Get Maruti’s 1.5L Petrol Engine 08-06-2018 Mainak Toyota Corolla Altis to Get Maruti’s 1.5L Petrol Engine
  • Maruti Suzuki Issues Advisory Ahead of Monsoon in Mumbai 08-06-2018 Mainak Maruti Suzuki Issues Advisory Ahead of Monsoon in Mumbai
  • Maruti Suzuki Ciaz Facelift Spied Undisguised for First Time 08-06-2018 Mainak Maruti Suzuki Ciaz Facelift Spied Undisguised for First Time
  • Maruti's New Sub-Compact SUV Could be Named as Zen 07-06-2018 Autoportal Team Maruti's New Sub-Compact SUV Could be Named as Zen
Helpline