Renault India Teams Up with Bajaj Finance for Customer Financing

By siliconindia  |  Monday, 08 January 2024, 09:43:31 AM IST

Renault India Teams Up with Bajaj Finance for Customer Financing
Renault India Pvt Ltd. (RIPL), the European automotive brand in India, has joined forces with Bajaj Finance Ltd., the lending subsidiary of Bajaj Finserv Ltd., a prominent and diversified financial services group in the country. This collaboration aims to provide appealing and cost-effective financing options for Renault customers. Through this partnership, customers can benefit from attractive car finance plans featuring low-interest rates and swift approval processes when purchasing models such as Kwid, Triber, and Kiger.
In the context of this collaboration, Bajaj Finance Limited will offer personalized retail finance plans to Renault customers. This includes the launch of the Flexi Pay Scheme, an innovative digital-first experience that encompasses up to 100% on-road funding. The STP (Straight Through Processing) Process ensures a quick turnaround time of 30 minutes, coupled with an industry-leading attractive Rate of Interest (ROI). To enhance convenience further, the entire financing procedure will be facilitated through a digital customer journey for the efficient disbursement of loans.
On this occasion, Mr. Sudhir Malhotra, Vice President of Sales and Marketing at Renault India Private Limited (RIPL), said, "Renault India remains committed to providing unparalleled services and convenience to its esteemed customers. At Renault, we are happy to announce our strategic collaboration with Bajaj Finance which opens up a new array of schemes and choices for Renault car buyers. This will pave the way for affordable and accessible personal mobility solutions, catering to a diverse and valued customer base. This strategic alliance will undoubtedly elevate the overall convenience and ownership experience of our valued customers".
Siddhartha Bhatt, Chief Business Officer, Bajaj Finance, added "Our digital-first approach and affordable solutions (Flexi Loans) enable us to make car buying incredibly easy and affordable for our customers. Our straight-through process is aimed at improving convenience and the speed of loan disbursement. We are delighted to join hands with Renault India to provide hassle-free and flexible financing solutions to customers for owning a Renault vehicle in a convenient manner".
The partnership between Renault India and Bajaj Finance is expected to bolster their market presence and underscore their joint commitment to delivering exceptional auto financing solutions to customers. Bajaj Finance, as a technology-driven Non-Banking Financial Company (NBFC), is dedicated to providing a comprehensive range of financial solutions with a strong focus on digitally enhancing the customer 

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