Maruti Suzuki launches online car financing platform

Maruti Suzuki has launched Smart Finance - an online car financing platform for Nexa customers.

Smart Finance offers services like choosing the right finance partner, selecting the best suited loan product, completion of all finance related formalities and disbursal of the loan, with just a few clicks.

Highlights of Maruti Suzuki Smart Finance:

• Wide variety of loan offers from multiple financiers
• Pre-approved and custom generated loan offers
• Complete online loan application process and digital documentation sharing
• Real time, online status updates on loan

The service is currently hosted on the Nexa website, which will also act as a facilitator between the customer and the financier. The company claims that with better transparency around loan offers and related charges, the customer will be able to make an informed decision.

For this Maruti Suzuki has partnered with 8 financiers including HDFC Bank, Yes Bank, ICCI Bank, IndusInd Bank, Cholamandalam Finance, AU Small Finance Bank, Mahindra Finance and Kotak Mahindra Prime Limited.

Smart Finance will be available for Nexa customers in 30 cities including Delhi, Gurugram, Lucknow, Jaipur, Mumbai, Pune, Ahmedabad, Chennai, Bangalore, Hyderabad, Indore, Kolkata, Cochin, Chandigarh, Guwahati, Goa, Bhubaneswar, Bhopal, Coimbatore, Surat, Vadodara, Ranchi, Raipur, Nagpur, Trivandrum, Vishakhapatnam, Udaipur, Kanpur, Vijayawada, and Dehradun.

Maruti will introduce Smart Finance for Arena customers at a later date. The service will also be extended to more cities.