Maruti Suzuki Smart Finance: An Online End-to-End Car Finance Solution

India’s largest carmaker Maruti Suzuki is renowned for building excellent cars suited to Indian road conditions and innovative solutions that make car buying a seamless, convenient experience for customers. And now, it is applying the same innovative spirit to make car financing seamless.

Maruti Suzuki has rolled out the Smart Finance program for NEXA and ARENA customers across the length and breadth of India. Through Maruti Suzuki Smart Finance, NEXA and ARENA customers get access to pre-approved and customized car loans with a choice of multiple financiers with just a few clicks online, all from the comfort of their homes.

What is Maruti Suzuki’s Smart Finance all about

Maruti Suzuki Smart Finance is an Onlline end-to-end car finance solution for NEXA and ARENA customers’ car financing needs. Maruti Suzuki Smart Finance platform aims to allow every NEXA and ARENA car buyer to secure car financing online. It’s an all-in-one digital platform that will help customers access car loans from 16 financiers at competitive interest rates, and through a 100 % digital, paperless process.

Key features offered by Maruti Suzuki Smart Finance:

  1. Online car finance for salaried, non-salaried and ‘no income proof’ categories
  2. Credit score based customized loan offers, including customized interest rates and loan tenures. Customizable EMI that allows customers to vary interest rate, down payment and loan tenure to arrive at a suitable EMI
  3. Multi finance loan options that allow the customer to compare and choose the best deal from 16 leading financiers
  4. Total transparency at all stages of the car loan process
  5. Online document upload process
  6. Real-time loan status tracking that keeps the customer informed
  7. Option to include old car exchange price into loan offer, and co-applicant financing

How does it work?

Simplicity and seamlessness are two key highlights of availing a car loan from Maruti Suzuki Smart Finance, and the entire process takes place online. The entire process is divided into four simple steps.

Step 1. Log on to Maruti Suzuki Smart Finance landing page. Once you’re there, enter your mobile number, receive an OTP, and fill in the details prompted on the screen. You will then be asked to select your favourite NEXA/ARENA car that you want to buy.

Step 2. Once you’ve chosen your favourite NEXA/ARENA car variant, you will be asked to select the dealership, post which Maruti Suzuki Smart Finance kicks into action and lists out the various loan offers for you. You can compare multiple financiers in this step and choose the loan offer that best suits your needs.

Step 3. Once you’ve picked the loan offer that best suits you, you then get into the next step that requires you to fill in your details and upload the requisite documents to grant you the loan.

Step 4. After you’re done uploading the documents, the loan provider will verify them and sanction the loan based on lending guidelines.

The car loan for your NEXA/ARENA car will be disbursed to the dealer once the due process is complete. You can download the sanction letter from the Maruti Suzuki Smart Finance website, and have your car delivered at the doorstep. It is that easy.

Where can you avail Maruti Suzuki’s Smart Finance?

Currently, the Maruti Suzuki Smart Finance for NEXA and ARENA cars can be availed online across all Indian cities.

Who are the financiers from whom you can avail a car loan through Maruti Suzuki Smart Finance?

Maruti Suzuki has tied up with 16 Leading financial institutions: State Bank of India, HDFC Bank, Mahindra Finance, Indusind Bank, ICICI Bank, Cholamandalam Finance, Axis Bank, Bank of Baroda, Kotak Mahindra Prime, Sundaram Finance, AU Small Finance Bank, YES Bank, HDB Financial Services, Toyota Financial Services (India), Federal Bank and Karur Vysya Bank.

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