Maruti Suzuki launches one-stop online finance facility

Maruti Suzuki India Limited on Friday announced the launch of its online financing platform named ‘Smart Finance’ for its Maruti Suzuki ARENA customers across more than 30 cities.  

The product will offer customers a ‘one-stop-shop’ solution for their vehicle. There would be various options to choose from among a wide range of finance products as per customers' needs & requirements. Selecting the best available loan product, completion of all the financial formalities, and even the disbursal of the loan would just be a click away.  

The company would act as a facilitator between the customer and the financer. Apart from this, it would provide real-time status updates and hassle-free financing solutions. This will help Smart Finance to offer full transparency in loan tracking and check the status in real-time.  

For this objective, the company has joined hands with 12 leading banks including SBI, HDFC, Kotak Mahindra Bank, and many such leading banks. With the launch of this product, the company has now digitised 24 out of its 26 steps in the customer vehicle purchase journey.   

At 11.35 am today, the share price of the company was trading at Rs 8,072, 0.95 per cent down from its previous close.