Hyundai announces special finance scheme for new buyers

Kolkata, Apr 10 (UNI) Hyundai Motor India Limited(HMIL), India's leading auto exporter and the second largest car manufacturer, today announced a special finance scheme on all Santro Models for a limited period of ten days.

Company sources here said the special financial scheme offered a low interest structure for all potential Santro customers.Under the new offer the interest rate for a loan amount up to Rs three lakhs is 8.99 per cent per annum for a tenure of three years, against the prevalent industry rate of 15.5 per cent to 16 per cent per annum.

Commenting on the announcement, Hyundai Motor India Vice-President, Marketing and Sales, Arvind Saxena said "The interest rate on car loans has been on a rising trend.But Hyundai's endeavour is to consistently come up with new and innovative schemes for customers", the company sources added.

UNI