Maruti Suzuki has tied up with Cholamandalam Investment & Finance Company Limited (CIFCL) to introduce ‘Buy Now Pay Later’ offer for its customers.
Under the new scheme, customers get the option to defer payment of two EMIs. EMIs will start after 60 days of loan disbursement. The offer also includes higher loan to value, up to 90% on road funding and a longer repayment tenure.
This offer is available on select Maruti Suzuki models and will be applicable on loan disbursement till June 30, 2020.
Tata Motors has also launched a similar scheme on the Tiago. Mahindra too is offering an finance scheme on its cars.
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