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India : MVFL ties-up with Maruti Suzuki India to offer vehicle finance for MARUTI CARS

July 16, 2014



Muthoot Vehicle and Asset Finance Ltd (MVFL) and Maruti Suzuki India Ltd has been collaborated to offer vehicle finance for Maruti cars.

The customers would get receive the freedom to get 100 per cent on road financing for their vehicles across Kerala from the finance scheme, Muthoot Maruti Gold to Car Scheme (MMG).

MVFL Ltd has financed the vehicle and the down-payment funded by Muthoot Finance on gold collateral.

This initiative has been introduced keeping in mind a large segment of the consumer base who cannot arrange for an immediate down-payment for vehicle purchase.

The scheme would be launched in Kerela and later on to other markets to begin with.

George Alexander Muthoot, Managing Director, Muthoot Group stated that it would welfare salaried customers, business profile customers, agriculturists with the capability to refund the loan, and NRIs with suitable guarantors.


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Source: TendersInfo (India)


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