Maruti Suzuki launches online financing platform Smart Finance

In a first, Maruti Suzuki has launched its online financing platform called Smart Finance for the customers of Maruti Suzuki ARENA across more than 30 cities.

In a statement the company said that with the launch of Smart Finance, 24 out of 26 steps in the customer vehicle purchase journey have been digitised.

"Smart Finance offers customers a 'ONE-STOP-SHOP' solution for the vehicle finance needs. The services include option to choose among wide range of finance products based on customer needs, selecting the best-suited loan product, completion of all finance related formalities and disbursal of loan, with just a few clicks," it added.

The Maruti Suzuki website will act as a facilitator between the customer and the financier providing real time status updates and in turn provide a hassle free and transparent financing solution.

Going forward, different structured schemes such as balloon and step-up offers among others can also be reviewed on one screen.

For this, Maruti Suzuki has currently partnered with twelve financiers viz State Bank of India, HDFC Bank, Mahindra Finance, ICICI Bank, IndusInd Bank, Bank of Baroda, Cholamandalam Finance, Kotak Mahindra Prime, Axis Bank, AU Small Finance Bank, Yes Bank and HDB Financial Services.
Subsequently, the company will on-board other key financiers, it said.

The Smart Finance service is now available for ARENA customers in over 30 cities including Delhi-NCR, Jaipur, Ahmedabad, Pune, Mumbai, Bangalore, Chennai, Hyderabad, Lucknow, Indore, Kolkata, Cochin, Chandigarh and Guwahati.