Karur Vysya Bank (KVB) has entered into any arrangement with Maruti Suzuki to fund buyers of Maruti vehicles. Both existing and new customers will be eligible to avail loans from the bank. The bank seeks to leverage the vast new car retail network of Maruti Suzuki numbering 3086 across 1964 cities and town. KVB has a branch network of 780 across 22 States & UTs.
The bank is offering a special product for buyers of Maruti Suzuki vehicles under which 100% on-road finance with a 6 month holiday period is provided at attractive interest rates (except on Omni & EECO). The loans are available to both salaried and self-employed.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
