Volvo, HDBC Bank tie-up for car finance services


Volvo Car India on September 16 introduced Volvo Car Financial Services in collaboration with HDFC Bank to enable buyers receive easy finance for a Volvo car of their choice.

The service facilitates finance of up to 100 per cent of ex-showroom price of the car and offers convenient repayment options, with no foreclosure charges under specific conditions, said a press release issued by the carmaker.  .

Loans can be availed for up to seven years. There is also an option to finance insurance, extended warranty, service package and accessories. Volvo Car Financial Services allows a faster loan approval and a uniform processing fee, giving a hassle-free finance experience to buyers, added the release.

Mr. Charles Frump, MD, Volvo Car India, said, “Volvo Car Financial Services is a faster, flexible and cost-optimised 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.”

Mr. Arvind Kapil, Country Head, Retail Lending, HDFC Bank, 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.”