MUMBAI: Luxury
car manufacturer
Mercedes
Benz on Tuesday said it has partnered
with State Bank of India (
SBI)
for
car
finance at ‘attractive’ interest rate besides many other benefits.

The collaboration will give
Mercedes
Benz India access to the unparalleled market penetration of
SBI‘s HNI customer base, while the bank’s customers will enjoy exclusive benefits on booking its luxury cars, the company said in a release.

The tie-
up guarantees many financial benefits including an attractive rate of interest. Besides, all customers booking a
Mercedes
Benz
car online through
SBI‘s digital platform YONO will get an additional benefit of Rs 25,000 at the dealerships, it said.

Mercedes-
Benz has been constantly exploring new avenues to reach out to potential customers and this is the first time we are collaborating
with any bank. The collaboration…gives us an exciting opportunity to expand our customer base and reach out to the potential HNI customers of the bank
with our products and services,” said Martin Schwenk, MD&CEO,
Mercedes
Benz India.

“We are confident the
SBI customers will be highly excited
with the seamless online journey we have created through our e-commerce portal, and avail subsequent benefits from this collaboration,” he added.

Under the tie-
up, the
SBI (high net-worth individuals) HNI customers in all its 17 circles across India will have access to the collaboration
with
Mercedes
Benz, enhancing the reach and increasing market penetration, the company said.


With attractive interest rates and customised benefits including a smart digital option of booking the
Mercedes on YONO, we look forward to witnessing our HNI customers live through a unique journey of getting home the
car,” said C S Setty, Managing Director (Retail & Digital Banking),
SBI.

The bank is optimistic that its customers will make the most of this advantageous offering amid festive season, he said.

The
SBI customers can use YONO platform
for online booking of
Mercedes
Benz cars
with additional benefits till December 31, the company said in the release.

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