The tie-up lets Nissan customers avail vehicle loans from SBI to purchase Nissan cars at competitive interest rates. Arun Malhotra, Managing Director, Nissan Motor India Pvt. Ltd. says Nissan is committed to the Indian auto market and is keen to make products more accessible to customers. The partnership with SBI helps doing just that. Buyers can opt for flexible finance options to suit all budgets when purchasing from Nissan and Datsun brands. At present only Datsun Go is sold in India. The next product launch from Nissan Group in India is the Datsun Go+ sub compact MPV (5 + 2 seater). Nissan has one of the fastest expanding dealer networks at present, and the partnership with SBI acts as a further boost.Nissan India’s Managing Director – Arun Malhotra signing the MoU with SBI’s Anuradha Rao. Nissan customers can now avail of vehicle loans at competitive interest rates across SBI’s 15,000 outlets across India.
SBI’s Ms Anuradha Rao expressed delight in partnering with Nissan India to make available attractive car loan schemes to customers at affordable and easy terms. SBI will offer longest repayment tenure of 7 years to Nissan vehicles by Term Loan or as Overdraft. At present, loan is available with interest rate as low as 10.40% p.a for women and 10.45% p.a for men with a full waiver of processing charges.
Success in India is crucial to Nissan’s global business expansion. Nissan plans the road ahead with cross-segment product launches, network expansion and localisation. Nissan in India at present operates 100 sales touch points, a feat achieved in less than 4 years. Price increase wef 1st January 2015 for Nissan and Datsun cars has been announced. Year end sales are being encouraged through December magic offers with benefits of upto Rs. 50,000 on all Nissan Terrano variants, upto Rs. 30,000 on all Nissan Sunny variants, and upto Rs. 25,000 on all Micra variants. Datsun Go buyers can save upto Rs. 30000 on purchases this month.