In order to provide an added facility of car finance to its customers,
Tata Motors India has entered into an understanding with Corporation Bank for financing its range of Passenger Vehicles.
Corporation Bank has lowered their car loan rates and now offers loan up to 85% of on road price, for tenure ranging up to 5 years, at a very competitive rate of 11.75% p.a. The bank will be processing the loan applications within 7 days.
This facility will be available at all 1,073 branches of Corporation Bank and 329 sales touch points of Tata Motors. The load will be provid on Tata car prices. The dealer network of Tata Cars India will be fully trained to explain the loan formalities and will help customers in completing the documentation required for availing car loans from the bank.
Both the organisations will jointly organise sales promotion activities and display each other's products and offerings at their respective premises. This tie-up will provide a single window for both Tata cars as well as car loans and will make car buying easier for customers.
Courtesy: Infibeam.com News
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
