Maruti Suzuki launches flexible EMI financing schemes

Maruti Suzuki has partnered with ICICI Bank to offer a variety of financing options for customers.

Under the Flexi EMI scheme, customers can play low EMIs starting at Rs. 899 on a loan amount of Rs. 1 lakh for the first three months. From the fourth month, EMI amount will be higher.

The Balloon EMI scheme offers an EMI of Rs. 1,797 per lakh during the tenure. Customers will have to pay the 1/4th of the loan amount as the last installment.

Under the Step up EMI scheme, EMI amount is increased by up to 10% ever year. EMI could start from Rs. 1,752 per lakh in the first year of payment, which progressively increases by 10% every year for a loan tenure of 5 years.

Redlining the Indian Automotive Scene