- Round-the-clock, easy and hassle-free retail financing
- Quick approval process with minimal documentation
- Seamless experience for Suzuki two-wheeler customers
New Delhi, May 30, 2023: Suzuki Motorcycle India Private Limited (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan today entered into a MoU with Bajaj Finance Limited (BFL) to provide quick and hassle-free financing on the purchase of Suzuki two-wheelers. BFL is the lending arm of Bajaj Finserv Limited, one of India’s leading and diversified financial services groups.
The partnership will enable customers to avail round-the-clock, easy, and hassle-free retail financing option on the purchase of their favourite Suzuki two-wheeler. The MoU will also provide additional benefits to customers. These benefits include vehicle loan sanction within minutes and hassle-free documentation.
Commenting on the partnership, Mr. Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “Considering our continuous growth in the Indian market, it becomes imperative for us to associate with financiers who can facilitate ease of purchasing Suzuki Two Wheelers. The idea is to offer flexible, yet easy retail finance offers keeping in mind the needs of our customers. We are confident that our engagement with Bajaj Finance Limited will be another step in enhancing our ability to cater to the needs of our growing customer base in India and thereby support our growth plans.”
As part of this association, customers can get faster approval with nominal documentation at a competitive interest rate. To add to this convenience, Bajaj Finance offers easy scheme options, digital login, 24*7 operational support, and pre-approved offers.
Amit Raghuvanshi, President - Personal Loans & Sales Finance, Bajaj Finance Ltd said: “As the preferred financier tie-up with Suzuki Motorcycle India, one of the leading players in India’s two-wheeler space, Bajaj Finance has the opportunity to reach out to a larger number of two-wheeler buyers. With our customer franchise of 69 million, the partnership with Suzuki Motorcycle enables us to deliver a superior digital experience and a wider suite of financial solutions to our customers. We are thrilled to begin this partnership and look forward to jointly serving millions of customers across India.”
ABOUT SUZUKI MOTORCYCLE INDIA PVT LTD (SMIPL)
Suzuki Motorcycle India Private Limited is a subsidiary of Suzuki Motor Corporation, Japan wherein they have the same manufacturing philosophy of PRODUCTS OF SUPERIOR VALUE right from the inception. SMIPL manufactures two-wheelers best suited for valuable Indian customers. The Company started its India operation in February 2006.
ABOUT BAJAJ FINANCE LIMITED (BFL)
About Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in/
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