Renault India Pvt Ltd. (RIPL), the European automotive brand operating in India, has entered into a partnership with Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., a prominent financial services group in the country. This collaboration aims to offer appealing and cost-effective financing solutions for Renault customers, providing them with low-interest car finance schemes and efficient loan approvals for the purchase of Kwid, Triber, and Kiger models.
Through this alliance, Bajaj Finance Limited will present Renault customers with tailored retail finance schemes, introducing features such as the Flexi Pay Scheme, a digital-first experience, on-road funding of up to 100%, a swift 30-minute turnaround time via their STP Process, and competitive interest rates leading the industry. The entire financing process will be conducted digitally to enhance convenience during the loan disbursement process.
Sudhir Malhotra, Vice President of Sales and Marketing at Renault India Private Limited (RIPL), expressed his commitment to providing exceptional services and convenience to Renault customers. The collaboration with Bajaj Finance aims to offer diverse and affordable personal mobility solutions, contributing to an improved ownership experience for valued customers.
Siddhartha Bhatt, Chief Business Officer at Bajaj Finance, highlighted their digital-first approach and affordable solutions, such as Flexi Loans, aiming to simplify and make car buying cost-effective for customers. The streamlined process focuses on enhancing convenience and expediting loan disbursement. The partnership with Renault India is expected to provide hassle-free and flexible financing solutions, facilitating convenient ownership of Renault vehicles.
Both Renault India and Bajaj Finance anticipate that this strategic collaboration will reinforce their market presence and uphold their shared commitment to delivering exceptional auto financing solutions to customers. Bajaj Finance, as a technology-driven Non-Banking Financial Company (NBFC), emphasizes a comprehensive suite of financial solutions with a focus on enhancing the customer experience through digital means.
