Karnataka Bank to offer attractive car loans


Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Understanding (MoU) with Mangaluru-headquartered Karnataka Bank to introduce attractive finance options for customers purchasing their favourite car from the Company.

Customers can avail the benefits across 858 branches of Karnataka Bank at metro, urban, semi- urban and rural locations.

Under this collaboration, customers can avail loans up to 85% of the on-road price of all new cars from Maruti Suzuki ARENA and NEXA showrooms.

The car loans will bear an interest rate linked to the external benchmark lending rate.

Customers can opt for tenure of up to 84 months for their loans said, Mr.ShashankSrivastava, Executive Director (Marketing & Sales), Maruti Suzuki India Limited.

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