Mahindra Marazzo, which was recently launched in India, is among the latest offerings of passenger carmaker Mahindra & Mahindra (M&M). If you are looking to buy this car, your dream can come true fast. Largest lender State Bank of India (SBI) has come up with a host of exclusive offers if the car is booked through SBI Yono portal. SBI tweeted, “Every family’s wishlist! Book your Mahindra Marazzo on #YONOSBI today and avail of this exclusive offer.” 

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Among major offers is that, if you do not have sufficient funds to buy Mahindra Marazzo, SBI will grant in-principle sanction of auto loan. Also, there is an exchange bonus up to Rs 40,000 offered by SBI. 

At present, SBI’s new car loan product offers lowest interest rates with EMI and minimal paperwork along with quick disbursement. It has the longest repayment tenure of seven years and is meant for the purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs. Interest rates vary from 9.20% to 12% depending upon the scheme you opt at SBI. 

The bank also facilitates no pre-closure fee and requires no guarantor.  The documents needed include your KYC-PAN, address and ID proof, income proof, bank statement and one photograph, but you need to visit a nearby branch to have an application. 

Mahindra Marazzo Features

In January 2019, Mahindra unveiled a new variant of its recently launched multi-purpose vehicle Marazzo with an eight-seat option.

The new variant comes with various features like a seven-inch touch screen infotainment system, reverse parking camera with dynamic guidelines and 17-inch alloy wheels. 

The Marazzo has been engineered in collaboration with the Mahindra North American Technical Centre and Mahindra Research Valley (Chennai). It is co-designed by the Mahindra Design Studio and Italian design house Pininfarina.