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Volvo India partners with HDFC bank to start Volvo car financial services

When Compact SUV and used car sales jumped up but Luxury and premium car sales suffered post-pandemic. All the luxury car companies are trying to innovate new methods to help customers to purchase their cars. Volvo Car India has partnered with HDFC to launch Volvo car financial services to enable buyers to get easy finance for its vehicles. 

The service facilitates finance of up to 100 percent of the ex-showroom price of the car and offers convenient repayment options, with no foreclosure charges under specific conditions, the company said in a statement.

Other features of the financial service include loans for up to 7 years and the 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," the company said.

Commenting on the service, Volvo Car India Managing Director Charles Frump said, "Volvo Car Financial Services is a faster, flexible, and cost-optimized solution to finance a Volvo car. It is an extension of our people-centric approach that allows customers the ease of owning our cars."

He further said the partnership with HDFC Bank would certainly instill customer confidence in the Volvo car brand even more.

HDFC Bank Country Head, Retail Lending Arvind Kapil said through the partnership, the services will be available across Volvo cars India dealerships across the country.

"Our endeavor 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," Kapil added.