News Other News

Volvo Car Financial Services to aid buyers with 100% loan on ex-showroom price

Volvo XC90 steering wheel
Written by Nizam Shaikh

To enable cost-optimised financial solutions to customers, Volvo Car India has introduced Volvo Car Financial Services in association with HDFC Bank making it easier to acquire the Volvo car of the choice. Volvo Car Financial Services aid finance of up to 100% of the ex-showroom price of the car along with easy repayment options and no foreclosure charges under specific conditions. 

Volvo Car Financial Services is providing loan tenures of up to 7 Years with the option to finance insurance, extended warranty, service package and accessories. The financial service comes with a uniform processing fee and allows faster loan approvals, providing a hassle-free experience to the customer. 

Furthermore, Volvo Car Financial Services is also providing Bullet finance, Balloon finance and Step-Up finance with respect to the terms and conditions laid out by HDFC Bank. The financial services are offered at all Volvo Car India dealerships. Volvo Cars currently markets products through 25 dealerships in Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi NCR (South Delhi, West Delhi, Gurgaon and Noida), Hyderabad, Indore, Jaipur, Kochi, Kozhikode, Kolkata, Lucknow, Ludhiana, Mumbai, Pune, Raipur, Surat, Vishakhapatnam and Vijayawada. 

In other news, Volvo Car India launched the XC40 T4 R-Design at the price of INR 36.90 lakhs ex-showroom under the new ‘Hassle-Free Offer’, which also offers complimentary accessories worth INR 1 lakh. Upon its launch, the BS6 compliant Volvo XC40 T4 R-Design was priced at INR 39.9 lakh ex-showroom. With the new offer, customers are able to save INR 4 lakh on the ex-showroom price. 

The Volvo XC40 T4 R-Design rivals the BMW X1 and the Mercedes GLA in the premium small SUV space in the Indian market. The Volvo XC40 T4 R-Design is the first-ever luxury car to win the ‘Premium Car Award 2019 by ICOTY’. 

The Swedish brand may also be evaluating the Volvo XC40 Recharge for the Indian market and sources in the recent past have suggested that Volvo could launch the EV as soon as 2021.