Volvo Car India, Swedish automobile brand Volvo, founded in 1947, headquarters located in Gothenburg, Sweden mentioned that it has integrated with Housing Development Finance Corporation(HDFC) Bank to establish Volvo Car Financial Services to empower and enable buyers to get easy finance for its vehicles.
Housing Development Finance Corporation, (HDFC) Bank Country Head, and Retail Lending Arvind Kapil also mentioned fundamentally that through the partnership, the services will be available across Volvo Cars India dealerships across the country. He also added that their aim is to hand over not just convenience but an experience to customers availing of our range of products and services. In the end, this partnership is a win-win for all concerned as it offers customized and cost-effective offers to customers.
The company mentioned that the service facilitates finance of up to 100 percent of the ex-showroom price of the car, balloon finance, step-up finance; increase, bullet finance; one-time lump-sum repayment, finance on insurance, and offers timely repayment options, with no counter-charges under specific conditions. Other features of the financial service include providing loans for up to seven years, and option to finance insurance, extended warranty, service package, and accessories. The company also said that Volvo Car Financial Services allows a faster loan approval and a uniform processing fee, giving relaxed finance experiences to the buyers. Commenting on the service, Volvo Car India Managing Director Charles Frump mentioned that Volvo Car Financial Services is a faster, workable, and cost-optimized solution to finance a Volvo car. It is an extension of the people-oriented approach that allows customers the easy facility of owning Volvo cars. He further added that the partnership with Housing Development Finance Corporation(HDFC) Bank- a premier banking institution, headquarters located in Mumbai, Maharashtra, and are confident and would definitely implant customer confidence in the Volvo car brand once more.
