Volvo Car India has partnered with private lender HDFC Bank in a bid to launch Volvo Car Financial Services to help buyers get easy finance for its vehicles.
The service will offer finance of up to cent percent of the ex-showroom price of the car and provides convenient repayment options, without any foreclosure fees under specific conditions, the company stated in the communiqué.
Other features of this financial service comprises of loans for up to seven years and option to enroll for finance insurance, extended warranty, service package and accessories.
“Volvo Car Financial Services allows a faster loan approval and a uniform processing fee, giving a hassle-free finance experience to buyers,” said the company.
Commenting on the new financial service, Volvo Car India Managing Director Charles Frump stated, “Volvo Car Financial Services is a faster, flexible and cost-optimised solution to finance a Volvo car. It is an extension of our people-centric approach that allows customers the ease of owning our cars.”
He further stated that the partnership with lender would certainly level-up customer reliance in the Volvo car brand even more. HDFC Bank Country Head, Retail Lending Arvind Kapil said through the alliance, the services will be lauched across Volvo Cars India dealerships around the country. “Our endeavour is to provide not just convenience but an experience to customers availing of our range of products and services. To this end, this partnership is a win-win for all concerned as it offers customized and cost-effective offers to customers,” Kapil added.