Cars in India | Autoportal.com
Select City

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

  • Top 10 Passenger Vehicles sold in May 2017 21-06-2017 Davender Soni Top 10 Passenger Vehicles sold in May 2017
  • Pre-GST Offers and Discounts on Maruti, Hyundai, Honda & Nissan Cars 17-06-2017 Davender Soni Pre-GST Offers and Discounts on Maruti, Hyundai, Honda & Nis...
  • Maruti Suzuki sold 12375 units of Vitara Brezza in May 2017 13-06-2017 Autoportal Team Maruti Suzuki sold 12375 units of Vitara Brezza in May 2017
  • Maruti Suzuki Ciaz facelift spied again 08-06-2017 Davender Soni Maruti Suzuki Ciaz facelift spied again
  • Maruti Suzuki to come with New SUVs in next 3 years 02-06-2017 Davender Soni Maruti Suzuki to come with New SUVs in next 3 years
  • New Maruti Suzuki Ciaz spotted testing in Delhi 30-05-2017 Autoportal Team New Maruti Suzuki Ciaz spotted testing in Delhi


Helpline