NE BUSINESS BUREAU
NEW DELHI, SEPT 17
Volvo Car India on Wednesday introduced Volvo Car Financial Services in collaboration with HDFC Bank. Under the partnership, the customers looking to buy a Volvo vehicle will be able to avail of finance of up to 100 percent of its ex-showroom price, a release said.
The new Volvo Car Financial Services will offer loans with a duration of up to seven years. Under specific conditions, the customers will not have to pay foreclosure charges. The new initiative will ensure faster loan approval, uniform processing fee, and provide an option to finance insurance, extended warranty, service package, and accessories, the release added.
Volvo Car India Managing Director Charles Frump said, “Volvo Car Financial Services is a faster, flexible, and cost-optimized solution to finance a Volvo car. It is an extension of our people-centric approach that allows customers the ease of owning our cars. We are extremely happy to partner with HDFC Bank – a premier banking institution and we are confident that this partnership would certainly instill customer confidence in our brand even more .”
HDFC Bank Country Head, Retail Lending Arvind Kapil said, “We are excited to partner with Volvo Cars to bring this service across its dealerships in India. 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 ”
Among the several features of the new Volvo Car Financial Services are finance up to 100 per cent of the vehicle’s ex-showroom price, balloon finance, step-up finance and bullet finance. The finance offers will follow the respective terms and conditions laid out by HDFC Bank.
